When students begin a PGDM course, most of them do not really think much about subjects like managerial economics. It usually feels like something theoretical at first, something that may or may not matter later. But that changes. Not immediately, though. It usually takes a few classes, sometimes even a case discussion, before things start making sense. That is when students realize this subject is not just about concepts. It is actually about how decisions are made when nothing is completely certain. What Managerial Economics Really Means If you try to look at it simply, managerial economics is about making decisions when there is no perfect answer available. Every choice… Read More
Continue Reading
