Skip to main content

MBS Managerial Economics features

Managerial economics are all interrelated to macro and micro economics which has similar content but it gives  illustrations that are required for managers to understand while running an office.

First lets understand the meaning of managerial economics and theories which are important for managers to lead an organization.


Features of Managerial economics

  1. Micro economic theories are all included in  this. There are any similarities between them as the manager has to deal with the limited resources of the firm and deal with the issues such as:
    What to produce?
    How to produce?
    What are the relative shares of each factor of production?
  2. Cause and effect that deals with the questions on what should be. Providing suggestions to managers about economic laws that can be practiced in the firm. It is a guide for the managers to make strategies for long term and short term policies for the organization.
  3.  It is more pragmatic in a sense that the mangers has to make absolute effort in decision making. Appropriate solution has to be implemented to tackle practical problems faced by the firm and with the help this economic theories mangers are able to answer those problems.
  4. It is more concern with the  business and it's factors. Therefore  it deals with small area of economics.
  5. There are some metrics that a manager has to calculate as economics is full of stats,math and it has conceptual theories. Conceptual theories are derved from the analysis data obtained from research works and can be generalized in decision making.

                                                 


Comments

Post a Comment

Popular posts from this blog

BBA/BBS Project and Thesis Sample for Finance Student

                                  Name of your Topic               Text size= 16                                                                                                                   Font= Times New Roman         A Project Work Report by                                                                           Your Name ( Text Size ...
1 comment
Read more

Does server location matter in ASO and SEO?

There are many things that make your life easier if the resources are available nearby. However, it will be difficult to fetch and time-consuming to find the resources. Similarly, there are many circumstances that each data seeding has to be nearby to open it faster and load better for the search engines to showcase it. SEO and ASO are affected by server location. If the host avilaibale near then it is obvious that the surfing will get better. Mostly in websites and application server location plays vital role.
Post a Comment
Read more

Does the name tittle of an application matter to enhance ASO?

It is obvious that the name tittle helps in enhancing consumers behaviour towards the product. Consumers are intent to click the title which is familiar to them. A word phrases that they have been hearing in their daily life. However, if you are going to invest a huge sum of money to make your title as a trading name then it is for sure that the title will be much more important. Selecting an appropriate title is another factor for giving importance to. We have been seeing that if a particular brand is famous then others try to copy them by introducing a name similar to it and adding a flavour in it to stand distinct from the original one.
Post a Comment
Read more