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It is one of the most important subjects of bba and these brief notes will help you study quickly for your managerial economics exam. Managerial economics describes, what is the observed economic phenomenon positive economics and prescribes what ought to be normative economics 4. In simple terms, economics can be defined as the study of how individuals, households, organisations, and nations make optimum utilisation of scarce resources to satisfy their wants and needs. Managerial economics mba notes free download as pdf file. Macroeconomics deals with the performance, structure, and behavior of an economy as a whole. Demand, supply, cost, production, market, competition, price, etc. Principles of management notes pdf 2020 books bba, bcom. It is more limited in scope as compared to microeconomics.
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