Assignment:
The report has to be 1000 words, APA format with references
Prepare a report on Managerial Economics (In this course we have tried to look at Economics from a Managerial lens. Managers need Economics knowledge to understand the market they deal with, consumer behavior, rival’s strategic behavior, the cost structure, the opportunity costs of the resources utilized in production, their market power and ways to maintain it) which cover the below question
1- In your opinion, what are the major takeaways from class (as applied to the complex business environment of today)?
2- From your own practice (experience), identify one real situation /problem in which you believe the knowledge learned in class can help (or will help) analyze and address better. Please Explain how.
3- Briefly, assess how well the information and knowledge learned in class were well-integrated with the other knowledge from your program (i.e., indicate how far the topics and cases of managerial economics complement knowledge from other subjects in your program).
4- If you were to choose to add one more topic (other than those already covered in class), what would that be and why)?
5- If you were to eliminate one topic from the class plan, what would that be and why?