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Rakesh Maheshwari
Rakesh Maheshwari
Education
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MANAGERIAL ECONOMICS
Managerial + Economics ,[object Object],[object Object],[object Object]
Managerial Economics & Business Decision-making Decision Problem Managerial Economics Optimal Solution to Business Problems Tools & Techniques of Analysis Traditional Economics
Nature of Managerial Economics Spencer and Siegelman point to the fact that “Managerial Economics.. is the integration of economic theory and business practice for the purpose of facilitating decision-making and forward planning by management.”
Chief Characteristics of Managerial Economics/Nature ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Significance of Managerial Economics ,[object Object],[object Object],[object Object],[object Object]
Scope of Managerial Economics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Managerial Economics & Other Disciplines ,[object Object],[object Object],[object Object],[object Object],[object Object]
FUNDAMENTAL CONCEPTS
Fundamental Concepts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
1.Incremental Reasoning ,[object Object],[object Object],[object Object],[object Object],[object Object]
Illustration: ,[object Object],[object Object],[object Object],Rs.2400 Full cost 280 Selling & administration expenses 720 Overheads 800 Materials Rs.600 Labour Rs.1400 Full cost 200 Overheads 800 Materials Rs.400 Labour
[object Object]
2.Opportunity Cost ,[object Object],[object Object],[object Object],[object Object]
Opportunity Cost ,[object Object],[object Object],[object Object]
3.Contribution ,[object Object],[object Object],[object Object],[object Object]
4.Time Perspective ,[object Object],[object Object],[object Object],[object Object]
5.Discounting Principle ,[object Object],[object Object],[object Object],[object Object]
 
6.The Equi-Marginal Principle ,[object Object],[object Object],[object Object]
The Equi-Marginal Principle Marginal Productivity (MP) Schedule of Projects A, B, and C 35 30 20 15 12 40 30 20 10 0 50 45 35 20 10 1 st 2 nd 3 rd 4 th 5th Project C Project B Project A Marginal Productivity (MP) Units of Expenditure (Rs.10 million)
The Equi-Marginal Principle

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Ppt of introduction_to_me

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  • 3. Managerial Economics & Business Decision-making Decision Problem Managerial Economics Optimal Solution to Business Problems Tools & Techniques of Analysis Traditional Economics
  • 4. Nature of Managerial Economics Spencer and Siegelman point to the fact that “Managerial Economics.. is the integration of economic theory and business practice for the purpose of facilitating decision-making and forward planning by management.”
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  • 6.
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  • 14.
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  • 21. The Equi-Marginal Principle Marginal Productivity (MP) Schedule of Projects A, B, and C 35 30 20 15 12 40 30 20 10 0 50 45 35 20 10 1 st 2 nd 3 rd 4 th 5th Project C Project B Project A Marginal Productivity (MP) Units of Expenditure (Rs.10 million)