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managerial economics
(redirected from Business economics)

    Also found in: Acronyms, Wikipedia 0.01 sec.

managerial economics

Application of economic principles to decision making in business firms or other management units. The basic concepts are drawn from microeconomic theory, but new tools of analysis have been added. Statistical methods, for example, are increasingly important in estimating current and future demand for products. The methods of operations research and programming provide scientific criteria for maximizing profit, minimizing cost, and selecting the most profitable combination of products. Decision-making theory and game theory, which recognize the conditions of uncertainty and imperfect knowledge under which business managers operate, have contributed to systematic methods of assessing investment opportunities.



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A Santa Barbara native graduated from the University of California, Santa Barbara with a bachelor's degree in business economics in 1980, Thomas Schulte started his career with Arthur Andersen where he was responsible for providing consulting and audit services to emerging companies and nonprofit organizations.
Thomas J. Schulte Managing Partner RBZ, LLP by Los Angeles Business Journal
Denham is a partner in the law firm of Munger Tolles & Olson, LLP, Doti has been president of Chapman University since 1991, Edwards is the Henry Ford II Professor of International Business Economics at the Anderson Graduate School of Management at UCLA, and Olson is a partner in Los Angeles law firm of Munger Tolles & Olson LLP.
Gov. Arnold Schwarzenegger has appointed Richard Loa deputy director ... by San Fernando Valley Business Journal
Sidhu is associate editor of Business Economics and has served as president of the National Association of Business Economists' Chicago and Los Angeles chapters.
ECONOMIST AMONG CONFERENCE EVENTS by Daily News (Los Angeles, CA)
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