MANAGERIAL ECONOMICS AND FINANCIAL ANALYSIS ALL 5 UNITS
Essay type questions UNIT-1 1) Explain how economics is linked with financial accounting and management Managerial economics relationship with other disciplines:- Many new subjects have evolved in recent years due to the interaction among basic disciplines. They are 1. Economics: Managerial economics is the offshoot of economics and hence the concepts of managerial economics are basically economic concepts. If economics deals with theoretical concepts, managerial economics is the application of these in the real life. Functions such as demand function, cost function, revenue function and so on are extensively used. Mainly these two concerned with the problems and scarcity and resource allocation. 2. Accountancy: The accountant prov...