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USES OF MANAGERIAL ECONOMICS

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EASY ECONOMIC

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USES OF MANAGERIAL ECONOMICS

  1. 1. ECONOMICS FOR MANAGERS TOPIC : Use of Managerial Economics . By , SACHIN SOMANNA M.P MBA ‘B’ SEC V.V.C.E
  2. 2. Managerial Economics Definition : According to Jeal Dean , “The purpose of managerial economics is how economic analysis can be used in formulating policies”. According to Mansfield, "Managerial economics is concerned with application of economic concept and economic analysis to the problem of formulating rational managerial decision”.
  3. 3. Uses of Managerial Economics Managerial Economics plays an very important role for the firms in taking following decisions: I. Production Decisions. II. Inventory Decisions III. Cost Decisions IV. Marketing Decisions V. Investment Decisions VI. Personnel Decisions
  4. 4. THANK YOU

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