The document discusses the roles and responsibilities of a business manager and managerial economist. A business manager oversees various business operations and makes decisions regarding products, pricing, promotions, resources, locations and more. A managerial economist applies economic analysis to help a business's management make optimal decisions. Key responsibilities of a managerial economist include studying the business environment, analyzing operations, forecasting demand, planning production, providing economic intelligence and advice, performing investment analysis, and focusing on earning reasonable profits.