Education and Career Forum

What do you mean by Managerial Economics? This is taught as a part of M.Com syllabus. What are its scope and importance in Indian market as well as in foreign market?

Managerial Economics deals with the application of the economic concepts, theories, tools, and methodologies to solve practical problems in business. It helps the manager in decision making and acts as a link between practice and theory.

Scopes :

There is a vast scope of Managerial Economics. Below is the list.

>> Pricing decisions, policies and practice.

>> Profit management.

>> Capital management.

>> Analysis of business environment