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A research methodologies is a person who researches on methods such as math.
Managerial economics focuses on applying economic theories and methodologies to business decision-making, emphasizing practical aspects such as cost analysis, pricing strategies, and market competition. In contrast, microeconomics is a broader field that studies individual consumer and firm behavior, market structures, and resource allocation. While microeconomics provides the foundational concepts, managerial economics specifically tailors these concepts to help managers optimize operational efficiency and strategic planning within firms.
What implications do research methodologies have for families who are the subjects of that research?
Econometrics focuses on applying statistical methods to economic data to analyze relationships and make predictions in the field of economics. Statistics, on the other hand, is a broader discipline that involves collecting, analyzing, and interpreting data in various fields, not just economics. Econometrics typically involves more complex models and assumptions specific to economic theories, while statistics can be applied to a wide range of disciplines beyond economics.
Business science consists of the methodologies that affect the discipline of business. These methodologies can be theories or best practices.
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
Frank Livesey has written: 'A textbook of core economics' -- subject(s): Economics 'Stage 1 economics' -- subject(s): Economics 'Dictionary of Economics' 'Economics' -- subject(s): Economics, Marketing, Problems, exercises 'A modern approach to economics' -- subject(s): Economics 'Economics (A.C.C.A.)' 'Economics for business decisions' -- subject(s): Managerial economics 'Economics (Marketing)' 'A textbook of economics' -- subject(s): Economics 'Objective tests in A Level economics' -- subject(s): Economics, Examinations, questions, Problems, exercises
Managerial economics applies economic theory and methodologies to business decision-making. Examples include analyzing market demand to set optimal pricing strategies, using cost-benefit analysis to determine the feasibility of new projects, and applying game theory to anticipate competitor reactions. Additionally, it involves forecasting future market trends to guide investment decisions and resource allocation.
what is difference between msc economics and ma economics
difference between economics and managerial economics
economics