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This course covers the meaning, scope, importance, and uses of Managerial Economics, which is the application of economic theories and principles to solve managerial problems in a business setting. We will discuss various topics, including demand analysis, production and cost analysis, pricing strategies, market structures, and strategic decision-making.

Moreover, you will gain insights into the external business environment, such as macroeconomic factors and government policies, and their influence on a firm's decision-making process. By the end of the course, you will have a clear understanding of how Managerial Economics can help businesses make strategic decisions, minimize costs, and maximize profits. You will also learn about the tools and techniques necessary to analyze and evaluate business data and identify and understand the factors that influence the demand and supply of goods and services in the market.