Managerial Economics is a core course of BS Economics aimed at presenting and developing a microeconomic approach to business decisions.The concepts and problems are analyzed from the perpestive of the firm and the manager's decisions. Emphasis is thus placed on the study of the productionprocess and the analysis of interactions in markets, both with the consumers and the rival firms.

Learning Outcomes

  • Students will be skilled in critical thinking and decision-making, supported by economic principles and best practices in business. 
  • Students will have the ability to use data to inform economic and business decision making. 
  • Students will be able to put together quantitative reports as well as to evaluate reports put together by others.
  • Students will be able to comprehend economics-related writing. 
  • Students will be able to work effectively in teams and to address strategic and organizational challenges.

Recommended Books

  •  Salvatore, D. Managerial Economics in a Global Economy, 8th Ed. Oxford University Press  (McGraw Hill, 2015).

  •  Hirschey, M. Managerial Economics, 14th ed. ( U.S.A. Thomson South-Western, 2016).

Suggested Books

  • Koutsoyiannis, A., Modern Microeconomics, 2nd Ed. (MacMillan, 1979).
  • Evan J. Douglas  and, Scott Callan.,  Managerial Economics analysis and strategy ,4th  Ed. (Prentice Hall, 1992).

Description of the System of Evaluation (Exam, assignments etc.):

Mid Term: 30 marks

Sessional: 20 marks

  • Assignments: 25%
  • Presentation: 25%
  • Participation: 25%
  • Attendance 25 %

Final Exam: 50 marks          

Course Material