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Unit Applied Economics for Managers is about the study of lack of firms, individuals and societies and utilizing limited resources. It includes the study of choice process modeled by economists for particular firms and consumers and coordinating with different choices and examining the working and performance of markets and utilizing economist's criterion for market efficiency. This unit includes the study of some topics from international trade and microeconomics and analyzing the integration of data, theories and judgments and analyzing corporate decisions and public policy.

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