✴Managerial economics generally refers to the integration of economic theory with business prac­tice. Economics provides tools managerial economics applies these tools to the management of busi­ness. In simple terms, managerial economics means the application of economic theory to the problem of management. ✴ ► It enables the business executive to assume and analyse things. Every firm tries to get satisfactory profit even though economics emphasises maximizing of profit. Hence, it becomes neces­sary to redesign economic ideas to the practical world. This function is being done by managerial economics.✦ 【Topics Covered in this App are Listed Below】 ⇢ Managerial Economics - Overview ⇢ Business Firms & Decisions ⇢ Economic Analysis & Optimizations ⇢ Regression Techniques ⇢ Market System & Equilibrium ⇢ Demand & Elasticities ⇢ Demand Forecasting ⇢ Theory of Production ⇢ Cost & Breakeven Analysis ⇢ Market Structure & Pricing Decisions ⇢ Pricing Strategies ⇢ Investment Under Certainty ⇢ Investment Under Uncertainty ⇢ Circular Flow Model of Economy ⇢ National Income & Measurement ⇢ National Income Determination ⇢ Modern Theories of Economic Growth ⇢ Business Cycles & Stabilization ⇢ Inflation & ITS Control Measures