Dr. Ihab Nadeem
(Lecture 1) 19 - November - 2010
Its a way of thinking, rational behavior concerning your decision; to
maximize the advantage/benefits and minimize disadvantage/cost
Market (Imperfect Competitive Market)
1) Number of
-Many buyers and sellers (millions) -A sole producer/firm that
-Huge number of small firms,
Economics ( Ihab Nadim)
1. What is Economics?
It is the science dealing with economic problem and how to allocate
Or it is the social science dealing or facing the economic problem.
2. What is Managerial Economics?
It is a decision