Question

Managerial economics is often said to help the business student integrate the
knowledge gained in other courses. How is this integration accomplished?

Answer 1

$Managerial \: economics \: is \: often \: said \: to \: help \\ the \: business \: student \: integrate \: the \: knowledge \\ gained \: in \: other \: courses. \: To \: that \: extent,  \\ managerial \: economics \:  integrates \: all \: of \: these \\ \: fields \: and \: illustrates \: to \: the  \: student  \: the \: relationship \: among \: \\ the \: various \: fields \: and \: how \: they \: interact \: in \: the \\ \: decision-making \: process.$

Answer 2

Answer:

A study of managerial economics enriches theanalytical skills, helps in the logical structuring of problems, and provides adequate solutionto the economic problems. Economics students integrates concepts and methods from all these subjects bringing them to bear on business problem of a firm