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ECO 308 Economics for Managers

The fundamental ideas of microeconomics and macroeconomics and integrating them for managerial decision-making is the process called Managerial Economics as per course ECO 308 Economics for Managers

The scope of economics for managers is a continual process because it is a developing science. Demand analysis and prediction, profit management, and capital management are also considered under the scope of Economics for Managers. 

It focuses on management analysis based on financial and cost accounting data. Therefore, the reliability of this data depends on the accuracy of the financial accounting information under course ECO 308 Economics for Managers

Some of the Fundamental Principles of Managerial Economics in ECO 308 Economics for Managers are as follows:

  • Incremental Principle,
  • Marginal Principle, 
  • Opportunity Cost Principle, 
  • Discounting Principle,
  • Concept of Time Perspective Principle, and 
  • Equi-Marginal Principle 

ECO 308 Economics for Managers is carrying 3 Credits. This course will provide a survey of the field of economics as it relates to effective management. The ECO 308 course is designed to provide a basic understanding of the principles, and operational aspects of our economic system and concepts.

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Economics Classes & Assignment Help Services of Expertsminds.com

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