You will write the paper on any managerial economics topic of your choice. The total length of the research note should be 2000 to 2500 words, excluding the abstract (200 words), graphs, tables and bibliography.
You will write the paper on any managerial economics topic of your choice.
The total length of the research note should be 2000 to 2500 words, excluding the abstract (200 words), graphs,
tables and bibliography.
The Paper should consist of the following 4 parts:-
Firstly, introduction (usually written after finishing the core part of the essay)
Thesis: what are you working on
Firstly, economic relevance of the topic
Secondly, research questions
Thirdly, arrangement of the paper
Further, literature survey
Also, research already done in your area
Where you fit it
Read newspaper, articles, or blogs and formulate your thesis & research questions
Read scholarly articles for analysis
Data & analysis
Period considered source of data
Also, answer some of your research questions
Conclusion and future agenda
Finally, summary of the paper & your position
More details;
Definition: Managerial economics is a stream of management studies which emphasises solving business problems and decision-making by applying the theories and principles of microeconomics and macroeconomics. It is a specialised stream dealing with the organisation’s internal issues by using various economic theories.
Economics is an inevitable part of any business. All the business assumptions, forecasting and investments are based on this one single concept.
To know more about managerial economics, we must know about its various characteristics. Let us read about the nature of this concept in the following points:
Art and Science: Managerial economics requires a lot of logical thinking and creative skills for decision making or problem-solving. It is also considered to be a stream of science by some economist claiming that it involves the application of different economic principles, techniques and methods, to solve business problems.
Micro Economics: In managerial economics, managers generally deal with the problems related to a particular organisation instead of the whole economy. Therefore it is considered to be a part of microeconomics.
Uses Macro Economics: A business functions in an external environment, i.e. it serves the market, which is a part of the economy as a whole.