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This course is designed to provide a solid foundation of economics understanding for use in managerial decision making. Nowadays; the role of managers in private corporations, government institutions and private sector has become very important, and the need to improve the use of resources in all types of organizations have become more vital and the concept taught in this course will come with rational solutions. The paramount of the course is to use the firm as a cohesive , uniform entity or organization on which the basic valuation model will be constructed and used as the underlying economic model of the firm. Managerial economics is the course in which the economic concepts and quantitative methods are used in the framework of decision making students are expected to master the concepts and be able to implement them in the business field.
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