Managerial Economics

The Book under review claims to deal with a core subject of importance in business education. Economics cannot be taught as a subject of just ‘firm relevance’ or as a subject connected with business policy and governance. The treatment of the subject requires induction of the knowledge and of application to the business world. The students of business are not to be prepared as economists; they are however to be prepared as decision makers who would make firm level decisions based on endogenous and exogenous factors.