Module 1
Principles of Economics - Introduction
- Definition
- The Relationship Between Microeconomics, Macroeconomics, and Management
- The Nature and Scope of Management Economics
- Demand Analysis and Forecasting
- Profits Management
- Capital Management
- The Demand for Managerial Economics
- Role in Managerial Decision Making
Business Firms and Decisions
- Decision steps
- Sensitivity Analysis
- Economic Analysis and Optimizations
- Optimization Analysis
- Total Revenue and Total Cost Approach
- Marginal Revenue and Marginal Cost Approach
- Marginal income and limit approach
