Description
Subject name : Managerial economics ( practical connection paper)
--> Assume that i'm working on Managerial economics and write how it relate to my personal experience (write how this subject relates to my work experience).
This assignment is a written assignment where students will demonstrate how this course research has connected and put into practice within their own career.
Assignment: Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have or could observe these theories and knowledge could be applied to an employment opportunity in your field of study.
Requirements:
Provide a 500 word (or 2 pages double spaced) minimum reflection.
Use of proper APA formatting and citations. If supporting evidence from outside resources is used those must be properly cited.
Share a personal connection that identifies specific knowledge and theories from this course.
Demonstrate a connection to your current work environment. If you are not employed, demonstrate a connection to your desired work environment.
You should NOT, provide an overview of the assignments assigned in the course. The assignment asks that you reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.
Explanation & Answer
Here is the final answer.
Managerial Economics outline
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Managerial economics
Applications of Managerial Economics knowledge, skills and theories
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Conclusions
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References
Managerial economics
Managerial economics is an integration of business practice and the economic theory
whereby managerial economics applies the tools from economics in different businesses and
how they are managed in terms of problem-solving. With these tools, managers can easily
analyze various aspects of the business (Webster, 2014). The problem-solving tips learnt
from managerial economics are aimed at maximising the profit the firm expects through
redesigning the business ideas into more profitable decisions. Various tools can be applied in
the achievement of goals in businesses in a more efficient way.
Applications of Managerial Economics ...
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