Introduction to Economics - Overview

 

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