Article Review on Managerial Economics a Forward Looking Assessment
Autor: asres • April 22, 2016 • Article Review • 1,055 Words (5 Pages) • 1,252 Views
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Article Review On
Managerial Economics A Forward Looking Assessment
Prepared By: - Group 5
Section – MBA /2007/ D
- Ashenafi W/aregay SGS/0127/2007B
- Biruk Asres SGS/0144/2007B
- Demissie Zebire SGS/0152/2007B
- Getahun Kibret SGS/0175/2007B
- Mulugeta Belay SGS/0205/2007B
- Mussie Bahru SGS/0207/2007B
- Tigist G/Meskel SGS/------/2007B
Submitted to: - Kassa Teshager (PhD)
Contact Address: - ktshager@yahoo.com
- Introduction
The 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 article
The 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 economics
- Business ethics and managerial economics
- Worldwide growth of managerial economics and
- Behavioral and managerial economics
Contemporary 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.
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