Managerial Economics - Revision history

wikademia>Wikademia: 11 revisions

2009-03-30T02:21:16Z

11 revisions

← Older revision	Revision as of 02:21, 30 March 2009
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wikademia>Rohan at 13:04, 27 November 2008

2008-11-27T13:04:05Z

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 Click on the link below to view the diagram:
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 *Elmer G. Wiens The Public Firm with Managerial Incentives
 *NA, (2007). "Managerial economics," Encyclopædia Britannica online Concise Encyclopedia entry.

wikademia>Rohan at 12:36, 27 November 2008

2008-11-27T12:36:45Z

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 Click on the link below to view the diagram:
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 *Risk Analysis
 *Asymmetric information
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 *Elmer G. Wiens The Public Firm with Managerial Incentives
 *NA, (2007). "Managerial economics," Encyclopædia Britannica online Concise Encyclopedia entry.

wikademia>Rohan at 12:15, 27 November 2008

2008-11-27T12:15:57Z

← Older revision		Revision as of 12:15, 27 November 2008
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	Click on the link below to view the diagram:		Click on the link below to view the diagram:

	[[Image:~~Document~~]]		[[Image:Diagram]]

	<p style="text-align:left;">Management decision problem arise in any organisations when they seek to achieve some objectives subject to some constraints. For e.g. A Telecommunication Company may seek to provide its service to as many customers as possible at the lowest possible cost. A hotel may seek to rent its room to the maximum tourists with limitations on its physical resources and budget. A university may aim to provide education to as many students as possible subject to the physical and financial constraints it faces.</p>		<p style="text-align:left;">Management decision problem arise in any organisations when they seek to achieve some objectives subject to some constraints. For e.g. A Telecommunication Company may seek to provide its service to as many customers as possible at the lowest possible cost. A hotel may seek to rent its room to the maximum tourists with limitations on its physical resources and budget. A university may aim to provide education to as many students as possible subject to the physical and financial constraints it faces.</p>

wikademia>Rohan at 12:08, 27 November 2008

2008-11-27T12:08:22Z

← Older revision		Revision as of 12:08, 27 November 2008
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	'''Managerial Economics:'''		'''Managerial Economics:'''

	<p style="text-align:left;">Managerial Economics refers to the application of economic theory and the tools of decision science to examine how an organisation can achieve its aims or objectives most efficiently.~~</p>~~		<p style="text-align:left;">Managerial Economics refers to the application of economic theory and the tools of decision science to examine how an organisation can achieve its aims or objectives most efficiently.This definition can be best summarised in a diagram.

			Click on the link below to view the diagram:

			[[Image:Document]]

	<p style="text-align:left;">Management decision problem arise in any organisations when they seek to achieve some objectives subject to some constraints. For e.g. A Telecommunication Company may seek to provide its service to as many customers as possible at the lowest possible cost. A hotel may seek to rent its room to the maximum tourists with limitations on its physical resources and budget. A university may aim to provide education to as many students as possible subject to the physical and financial constraints it faces.</p>		<p style="text-align:left;">Management decision problem arise in any organisations when they seek to achieve some objectives subject to some constraints. For e.g. A Telecommunication Company may seek to provide its service to as many customers as possible at the lowest possible cost. A hotel may seek to rent its room to the maximum tourists with limitations on its physical resources and budget. A university may aim to provide education to as many students as possible subject to the physical and financial constraints it faces.</p>

41.212.203.64 at 04:22, 27 November 2008

2008-11-27T04:22:32Z

← Older revision		Revision as of 04:22, 27 November 2008
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	* Pricing analysis - microeconomic techniques are used to analyse various pricing decisions including transfer pricing, joint product pricing, price discrimination, price elasticity estimations, and choosing the optimum pricing method.		* Pricing analysis - microeconomic techniques are used to analyse various pricing decisions including transfer pricing, joint product pricing, price discrimination, price elasticity estimations, and choosing the optimum pricing method.
	* Capital budgeting - Investment theory is used to examine a firm's capital purchasing decisions.		* Capital budgeting - Investment theory is used to examine a firm's capital purchasing decisions.


			'''References'''

			*Ivan Png (2002) Managerial Economics, Malden, MA: Blackwell.
			*Edward Lazear (2008). "Personnel economics," The New Palgrave Dictionary of Economics. 2nd Edition.
			*Keith Weigelt (2006). Managerial Economics
			*Elmer G. Wiens The Public Firm with Managerial Incentives
			*NA, (2007). "Managerial economics," Encyclopædia Britannica online Concise Encyclopedia entry.

41.212.203.64 at 04:07, 27 November 2008

2008-11-27T04:07:14Z

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 {{Welcome and expand}}
-'''Summary'''
+'''Managerial Economics:'''
 <p style="text-align:left;">Managerial Economics refers to the application of economic theory and the tools of decision science to examine how an organisation can achieve its aims or objectives most efficiently.</p>
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 <p style="text-align:left;">Management decision problem arise in any organisations when they seek to achieve some objectives subject to some constraints. For e.g. A Telecommunication Company may seek to provide its service to as many customers as possible at the lowest possible cost. A hotel may seek to rent its room to the maximum tourists with limitations on its physical resources and budget. A university may aim to provide education to as many students as possible subject to the physical and financial constraints it faces.</p>
 '''Topics within Managerial Economics'''
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-At universities, the subject is taught primarily to advanced undergrads. It is approached as an integration subject. That is, it integrates many concepts from a wide variety of prerequisite courses.
+'''Summary'''
 [[Category:Business]]
 [[Category:Economics]]

wikademia>SB Johnny: Reverted edits by 196.192.68.8 (Talk) to last version by 41.212.208.238 using rollback

2008-11-14T13:58:22Z

Reverted edits by 196.192.68.8 (Talk) to last version by 41.212.208.238 using rollback

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 {{Welcome and expand}}
 Managerial economics (also called business economics), is a branch of economics that applies microeconomic analysis to specific business decisions. As such, it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression and correlation, Lagrangian calculus, linear If there is a unifying theme that runs through most of managerial economics it is the attempt to optimize business decisions given the firm's objectives and given constraints imposed by scarcity.
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 * Pricing analysis - microeconomic techniques are used to analyse various pricing decisions including transfer pricing, joint product pricing, price discrimination, price elasticity estimations, and choosing the optimum pricing method.
 * Capital budgeting - Investment theory is used to examine a firm's capital purchasing decisions.

196.192.68.8 at 13:53, 14 November 2008

2008-11-14T13:53:58Z

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 {{Welcome and expand}}
 Managerial economics (also called business economics), is a branch of economics that applies microeconomic analysis to specific business decisions. As such, it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression and correlation, Lagrangian calculus, linear If there is a unifying theme that runs through most of managerial economics it is the attempt to optimize business decisions given the firm's objectives and given constraints imposed by scarcity.
@@ Line 11: / Line 9: @@
 * Pricing analysis - microeconomic techniques are used to analyse various pricing decisions including transfer pricing, joint product pricing, price discrimination, price elasticity estimations, and choosing the optimum pricing method.
 * Capital budgeting - Investment theory is used to examine a firm's capital purchasing decisions.

41.212.208.238 at 04:33, 14 November 2008

2008-11-14T04:33:22Z

@@ Line 1: / Line 1: @@
 {{Welcome and expand}}
 Managerial economics (also called business economics), is a branch of economics that applies microeconomic analysis to specific business decisions. As such, it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression and correlation, Lagrangian calculus, linear If there is a unifying theme that runs through most of managerial economics it is the attempt to optimize business decisions given the firm's objectives and given constraints imposed by scarcity.
@@ Line 8: / Line 11: @@
 * Pricing analysis - microeconomic techniques are used to analyse various pricing decisions including transfer pricing, joint product pricing, price discrimination, price elasticity estimations, and choosing the optimum pricing method.
 * Capital budgeting - Investment theory is used to examine a firm's capital purchasing decisions.
 At universities, the subject is taught primarily to advanced undergrads. It is approached as an integration subject. That is, it integrates many concepts from a wide variety of prerequisite courses.