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Managerial Economics / Module 1: Fundamental Theories

Students need to learn:
Role of Managerial Economists
Significance of Managerial Economics
Firm Organization:
Sole Proprietorship
Joint Stock Company
Theory of Firm:
Profit Maximization
Baumol's Sales Revenue Maximization Model
Managerial Utility Model
Williamson Model
Marris's Model of Managerial Enterprises:
Behavioral Theories;
Simons Satisfying Model
Cyert and March's Behavioral Theory of the Firm

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