Students need to learn:
Role of Managerial Economists
Significance of Managerial Economics
Firm Organization:
Sole Proprietorship
Partnership
Joint Stock Company
Corporation
Co-operatives
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
