for everyone

1. First unit of instructions for MBA
munijyothish@gmail.com

2. 
 It is a study on individual households about
how they earn and utilise optimum to satisfy
their needs

3.  Management is an art of getting things done from
others
 Optimum utilisation of resources for getting
maximum work is the main objective of management

4.  It is a combination of two desciplines ie. Management
and economics
 It is of new origin to satisfy managerial decisions
 It born and brought up with emerging universities by
scholars according to LPG
 It is subject to business economics
 It is developed to understand and to analyse the
problems of business decisions

5.  Managerial economics is a fundamental academic
subject which seeks to understand to analyse the
problems of business decision-making.
- HAGUE
. Managerial economics is " the application of of
economic theory and methodology to business
administration practice "
-Brigham and pappas

6.  Micro economic in nature
 Normative rather than positive
 Operates against macro economics
 Applied in nature
 Evaluation of each alternative
 Limitations in assumptions

7.  Demand analysis and decisions
 Productivity (input and output ) decisions
 Price output decisions
 Profit relavant decisions
 Investment decisions
 Forward planning
 Economic forecast

8. Economics
Psychology
Mathematics
Accountancy
Sociology
Statistics
Research
Organisations behaviour
Consumer behaviour