BE 274 Managerial Economics
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Managerial Economics as per the course BE 274 Managerial Economics is a branch of economics that involves the application of methods of economy in the managerial decision-making process. It also focuses on increasing the efficiency of businesses by employing all the business resources to increase output while decreasing unproductive activities.
Following are some important principles of managerial economics as per the course BE 274 Managerial Economics:
- Principle of Marginal and Incremental.
- Principle of Equi-marginal.
- Principle of Opportunity Cost.
- Principle of Time Perspective.
- Principle of Discounting.
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