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Managerial Economics- a career of scope or burden of two subjects
The article provides a description of the subject of managerial economics and explains it as a combination of economics and management and the requirements faced by students who are accessed for managerial economics assignment. The the article further discusses the career options that are available with students in the field of managerial economics and what s
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Managerial Economics Assignment Help Sample
by VAH Experts
BUSA90195 Updated on :
Jun 2025
Identifying the Determinants of Elasticity
The main determinants of the elasticity of a product are the availability of the close substitute, the amount of time it takes the consumer to look for the substitute, and the percentage of the consumer's budget that is needed to purchase the good.
Demand for a product is more elastic if it has near substitutes, if a consumer has time to find substitutes, or if the product requires a more significant percentage.
Managerial Economics Assignment Help Sample
by VAH Experts
Managerial Economics Updated on :
Jun 2025
Explain the concept of price elasticity of demand thoroughly.
The 'price elasticity of demand' of a commodity measures how sensitive the quantity demanded is to its price. When the price increases, the quantity demanded falls for almost any good, but some fall more than others. Price elasticity gives the percentage change in quantity demanded when there is a one percent increase in price, everything else remaining constant. For example, if the elasticity is -2, a one percent price increase leads to a two percent fall in quantity demanded.
Managerial Economics Assignment Help Sample
by VAH Experts
Updated on :
Jun 2025
How is managerial economics different from economics?
While managerial economics involves the application of economic principles to the problems of the firm, economics deals with the body of principles itself.
While managerial economics is micro-economic, character economics is macro-economic and micro-economic.
Managerial economics, though subtle, deals only with the firm and has nothing to do with the economic problems. But microeconomics as a branch of economics deals with both the economics of the individual and the economics of the firm.
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Managerial Economics- a career of scope or burden of two subjects
The article provides a description of the subject of managerial economics and explains it as a combination of economics and management and the requirements faced by students who are accessed for managerial economics assignment. The the article further discusses the career options that are available with students in the field of managerial economics and what skills the students are required to acquire to successfully build assignment for progressing in their career that is rated through grades.
Managerial Economics Assignment Help
The study of managerial economics is concerned with the application of economic theories in order to manage the operations of an organization. The subject matter studies the role of and how economic theories guide/ help in the management of the business operation.
Managerial economics studies economics with a viewpoint of managing and organization. It studies economic tools; theories and processes that can impact/ help the business decisions to tackle operational issues through their effective management.
The main aim of managerial economics is linked with achieving the goals and objectives of an organization through effective decision-making processes. It analyzes economic variables that affect the business activities and the business decision is finalized on the basis of an assessment of external economic situations.
Managerial economics by some is considered as a branch of economics and some regard it as a branch of management. The subject is a perfect blend of both the concepts as it integrates economic theories with the process of management. The subject matter of managerial economics mainly concerned with five main areas.
These are:
International Business Economics
Agricultural Business Economics
Business Economics
Environmental Economics
Resource Economics
A career in Managerial Economics
Managerial economics is studied by economists with a view to increasing the profits of an organization by managing its operations effectively with the guidance from analyzing economic variables.
Business decisions such as price determination, stock, supply, etc. are taken according to the market economic conditions that form the basis of managerial economics. In order for any company to take effective decisions for business operations. It is first necessary to overview the economic scenarios and then manages respectively.
Students find managerial economics interesting and a career full of scope as a result of its high relevancy in job descriptions.
Students who wish to acquaint themselves with the knowledge of both management and economics find managerial economics as their perfect choice of study as the subject encompasses both concepts.
Various Sectors of an economy offers career opportunities for students of managerial economics.
Students can pursue their career after managerial economics in:
Banking
Finance
Accounting
Environmental Policy Formation
Agricultural Policy
Sustainable Development Consultant
Marketing
Financial Risk Analyst
Investment Analyst
Research and Development sectors
Skills Required for Managerial Economics
Building a career in managerial economics can be challenging as well if you don’t have the required skills. Pursuing in the field of managerial economics, you are required to have the skills of both a manager and an economist.
Some basic skills required by the students who wish to establish a career in managerial economics are:
Critical Thinking Skills
Problem Solving Skills
Active listening skills
Decision making
Oral/ Communication skills
Inductive and Deductive Reasoning
How to acquire the skills required for a successful career in managerial economics?
Acquisition of managing and skills of an economist are essential components for building a career in managerial economics. Such skills can be acquired and polished through career development training programs. These programs help in building skills such as these and guide you in implementing these skills at times of requirement.
Academic mantra services, Mohali, India are the perfect career development service provider for you. If you plan on having all that’s required in the personality of managerial economists, then our professions are here to train you to your best level.
We provide online and offline career development training along with 24x7 availability, so you can train at your preferred time.
For online assignment help in managerial economics, please connect with the value assignment customer care team for immediate assistance in your subject requirements. We are available 24X7 for your assistance. Our subject experts are well qualified and professional in assignment writing. Grab your assignment help copy of managerial economics today with attractive offers from www.valueassignmenthelp.com
Economics offers varied courses to have an insight on to the functioning of a country vis-a-vis the other counterparts in relation to the factor influencing the income, wealth and wellbeing, and how it can be imbibed into the formation of policies.Economics defines the lifeline of a nation. From production to consumption, economics looks at the usage of resources & the distribution system involved in reaching to the desired market of consumption. This involves studying areas of politics, sociology, law, psychology, geography and history, at local and global levels.
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Are your writers qualified in economics or business decision sciences?
Yes, our writers are highly qualified in the economics field. The experts have mostly done Master's and PhDs in Business economics, applied economics etc, from prestigious universities. They are well-versed with using analytical models, academic research and university-specific expectations. So whether its micro or macro economics, your work will be handled by top-notch experts who are specialists in their respective domain with real academic experience.
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ERST 632- Cost-Benefit Analysis
ECON 450- Case Studies in Applied Economics
ECON 410- Sustainable Development and Resource Economics
ECON1010- Principles of Microeconomics
ECON2020- Macroeconomic Principles
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Frequently Asked Question(FAQ'S)
Every day decisions are made that affect the future of the company. These options may be related to an investment opportunity, a new product, a new competitor, or the course of business. For such essential decisions, businesses should turn to experts in managerial economics.
We are known for our quick submission. Once you have booked your order, we will give your submission date more importance and try to fulfil it as soon as possible. Mostly, we will deliver the finished assignment document to you before your deadline. If you need help with a managerial economics assignment at the last minute, we offer instant help.
'Understanding organizations comes from understanding management theory, and Kimani outlines four major management theories to underpin organizations: bureaucratic theory, scientific management theory, behavioural management theory, and human relations theory.
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