Managerial Economics has been included in the MBA curriculum because it is very important for a Management student to get acquainted with the various Business aspects which he/she has to face at their workplace. The subject teaches students how to apply economics concepts to take correct and wise decisions. Managerial Economics is more often applied to Production Analysis, Risk Analysis, Capital Budgeting and Pricing Analysis.

What will you get to know in this subject?

The paper is the study of marketing, research, operations, the demand supply chain management, applications of economist; the situations which may come in practical life are some part of it.

Why this subject forms an important part of MBA?

The paper helps students to learn the situations which may come before them as managers. Team work and handling various situations by applying economic concepts are taught in this paper.

The paper pattern which is followed generally

The paper of Managerial Economics is a non-technical paper containing different types of questions covering the whole syllabus, there are 8 questions asked in the paper. The paper demands students to solve only 5 questions in it. The questions are of very long answer type and it is of various types such as case studies are also included in it. The question carries equal marks in it. The questions are also of numerical type and calculators are allowed in this paper.

Questions which more often are asked in this paper

Examples of questions asked are such as various functions of management, effective way of managing a team, leadership theories, financial control techniques, meaning of effectiveness, smooth relationship between line and staff officials in an organization, the chain between retail and consumer, values of share, demand and fulfillingit, depreciation, balance and different financial types which is attached with it etc.

Marks and Time

The paper contains 100 marks for the candidates and time in which it has to be completed is 3 hours only.

Recommended Books:

• Accounting and Finance for Managers by K Patra
• Accounting and Finance for Managers by Nill Books