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MANEGEMENT 101 Managerial Economics .

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Unit - 1 Managerial Economics: An Introduction Unit structure 1.0 Objectives 1.1 Introduction 1.2 Meaning and Definition of Managerial Economics 1.3 Characteristics of Managerial Economics 1.4 Nature of Managerial Economics 1.5 Scope of Managerial Economics 1.6 Relationship of Managerial Economics with other Disciplines 1.7 Summary 1.8 Key Words 1.9 Self Assessment Test 1.10 Suggested Books / References 1.0 Objectives After studying this unit, you should be able to understand: • The Meaning of Managerial Economics. • The Nature and Characteristics of Managerial Economics. • The Scope of Managerial Economics. • The Relationship of Managerial Economics with other branches of knowledge. 1.1 Introduction

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