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Role of Managerial Economist

A managerial economist applies economic theory to help businesses prosper by making decisions and processing information. They analyze internal factors like pricing and investment decisions as well as external economic conditions to advise on issues impacting profits. Key responsibilities include forecasting, conducting research, and maximizing resources to help businesses set optimal strategies and policies. Strong qualifications include a diploma in economics, thorough knowledge, creativity, and an ability to think critically about challenges.

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677 views8 pages

Role of Managerial Economist

A managerial economist applies economic theory to help businesses prosper by making decisions and processing information. They analyze internal factors like pricing and investment decisions as well as external economic conditions to advise on issues impacting profits. Key responsibilities include forecasting, conducting research, and maximizing resources to help businesses set optimal strategies and policies. Strong qualifications include a diploma in economics, thorough knowledge, creativity, and an ability to think critically about challenges.

Uploaded by

babbumannsingh007
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Role and Responsibilities

of Managerial Economist
Managerial Economist

A managerial economist is one who


specialized in basic economic theory
and with this knowledge, he applies it
to business prosperity
Role of Managerial Economist

The two primary task of a managerial


economist are:

 Making Decision
 Processing Information
Role of Managerial Economist
Decision factors influence the business:

External Factors:

 General Economic Condition


 Demand for the product
 Input Cost
 Market Conditions
 Firm’s share in the market
 Economic Policies
Role of Managerial Economist
Internal Factors:

 Pricing and Profit Policies


 Investment Decisions
 Technological Developments
 Business Planning
 Statistical Records
 Supply of economic information
Responsibilities of Managerial
Economist

 Better management of resources


 Forecasting
 Additional Information
 To maximize profit
 Conceptual as well as practical
 Researcher
 Thinking, Discussing and criticising
 Taking up challenging task
Essential Qualification of a
Managerial Economist

 Diplomacy Rank
 Thorough Knowledge
 Rare intuitive ability
 Creative minded
 Modest, Firm and Discreet
 Conceptual and Metrical
Thank You

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