Article Review on Managerial Economics a Forward Looking Assessment
[pic 1] Article Review On Managerial Economics A Forward Looking AssessmentPrepared By: – Group 5 Section – MBA /2007/ D Ashenafi W/aregay SGS/0127/2007BBiruk Asres SGS/0144/2007BDemissie Zebire SGS/0152/2007BGetahun Kibret SGS/0175/2007BMulugeta Belay SGS/0205/2007B Mussie Bahru SGS/0207/2007BTigist G/Meskel SGS/——/2007B Submitted to: – Kassa Teshager (PhD) Contact Address: – [email protected] article review “Managerial Economics A forward looking Assessment”, which was carried out by Paul H. Rubin and Antony W. Dnes, create an effort to look into the current developments of Managerial Economics, mainly in relation to experimental, behavioral, organizational and global implications.
The assessment took a snap shot to explain significant areas of managerial and decision making practical applications taking in to consideration trends in managerial and decision economics, business ethics and managerial economics, behavioral and global growth of managerial economics. Brief summary of the articleThe ultimate intention of the article had an objective of signifying to examine trends in the type of work emerging in managerial economics and to offer some assessment of future directions in managerial and decision economics. The article briefly presents the managerial economics as a forward looking on managerial and decision making pattern.The article tries to raise considerable areas of managerial and decision making practical applications which are Development in managerial and decision economicsBusiness ethics and managerial economics Worldwide growth of managerial economics and Behavioral and managerial economicsContemporary trends in managerial decisions and economics are focusing on the future direction of managerial economics which is forecasting for the future and business inquires. Conventionally, there is strong correlation between managerial economics, operations research and econometrics applications in general. Managerial and Behavioral economics is now a day in practice, the recognition has grown from the results of experimental economics and a certain interaction between economics and psychology.