The course is intended to provide participants with an understanding and interpretation skill of a broad range of economic concepts and relate them with day to day business decision making activities. It will try to addresses a range of economic concept such as the market models. Elasticity and pricing decision, market structure and optimal managerial decision, strategies and tactics in game theory, aggregate demand and aggregate supply models, IS-LM-BP model . It will also highlight the role of intellectual capital, the theory of outsourcing, the theory of productivity, international regulations and constraints.

Managerial Economics is the application of economic theory and methodology to managerial decision making problems within various organizational settings such as a firm or a government agency. The emphasis in this course will be on demand analysis and estimation, production and cost analysis under different market conditions, forecasting and decision making under uncertainty. Students taking this course are expected to have had some exposure to economics and be comfortable with basic algebra. Some knowledge of calculus would also be helpful although not necessary..