To optimize decision making when the firm is faced with problems or obstacles, with the consideration of macro and microeconomic theories and principles.

To analyze the possible effects and implications of both short and long-term planning decisions on the revenue and profitability of the business.

Application of the different economic methods and theories

Combination of theories and business to ease decision-making and for the future planning

Solving business problems and decision-making by utilizing economic principles

Study on proper of scarce resources to satisfy the unlimited wants

Studies the economic patters at macro-level and analysis

Examine the probabilities of transforming an ever-changing economic environment into profitable business avenues

Assists the business planning process of a firm

Carries cost-benefit analysis

Assists the management in the decisions

Analyze changes in macro-economic indicators

Advising the management

Makes an economic analysis on the firms in competition. Collect economic data and examine all crucial information about environment in which the firms operates

Conduct detailed research on industrial market and Conduct an elaborate statistical analysis

Economic environment

Social environment

Political environment

Managerial Economics is a Science

Managerial Economics is an Art

Managerial Economics for administration of organization

Managerial Economics is helpful in optimum resource allocation

Managerial Economics has components of microeconomics and macroeconomics

Managerial Economics is dynamic in nature