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what is scope of economics

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The nature and scope of economics are related to the study of wealth or human behaviour or of scarce resources. The scope is very wide and includes the subject matter of economics whether economics is a science or an art or whether it is positive or normative science. Wealth and Welfare Connotations.
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SCOPE OF MANAGERIAL ECONOMICS The scope of managerial economics includes following subjects: 1. Theory of demand 2. Theory of production 3. Theory of exchange or price theory 4. Theory of profit 5. Theory of capital and investment 6. Environmental issues
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Tutor

It is the part of subject in mba course only in 1st semester.
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Tutor

It is a little subject in mba course
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Tutor with 18 years of experience, IIT graduate with international Ph.D.

Nature of economics is as broad as any other social science but top up with some science departments at the advanced level. You can qualify for PSC jobs and banking sector jobs, MBA positions in corporate after completing MBA, then many opportunities abroad. Teaching positions are also available. Remember...
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Nature of economics is as broad as any other social science but top up with some science departments at the advanced level. You can qualify for PSC jobs and banking sector jobs, MBA positions in corporate after completing MBA, then many opportunities abroad. Teaching positions are also available. Remember economics is the only branch of social sciences that can get you a Nobel Prize. read less
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Tutor with 18 years of experience, IIT graduate with international Ph.D.

Scope is more than many social sciences and can help you get high profile PSC and Banking jobs. In addition you get teaching. Opportunities abroad and corporate positions after MBA/Ph.D. are more. Remember economics is the only social science that can get you a Nobel Prize.
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Teacher and trainer

Economics is a social science promoting economic behaviour of utility maximisation as well as resource allocation for both individuals and group of people and organisations including government organisations.Economics supports in decision making in such a way that each spending provides Equi marginal...
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Economics is a social science promoting economic behaviour of utility maximisation as well as resource allocation for both individuals and group of people and organisations including government organisations.Economics supports in decision making in such a way that each spending provides Equi marginal utility based on equi -marginal principle. Resource allocation, price fixation, opportunity cost analysis time value of money are of use to managers. Demand estimation,cost control, pricing, production returns maximisation etc need economics . At macro level GDP , NNP, calculations study of monetary and fiscal policies , industry sector analysis ,where economic is of more use. read less
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Teacher and trainer for Commerce and management courses at UG and PG level

Economics is divided into two categories Micro and Macro economics. Micro economics helps in single business firm decision problems like demand , price, cost .usage of or allocation scarce resources, profit analysis and planning. Macro economics supports in measuring an economy in terms of GDP, NNP,...
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Economics is divided into two categories Micro and Macro economics. Micro economics helps in single business firm decision problems like demand , price, cost .usage of or allocation scarce resources, profit analysis and planning. Macro economics supports in measuring an economy in terms of GDP, NNP, National income. Business sectors (agriculture, industry and services sectors ) and their growth and development, Government's economic , monetary, and fiscal policy for country's economic development, Comparison of various world economies based on economic parameters of comparison. read less
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Trainer

Economics is vast subject. It is not only interesting but also captures many fields to work. A student good in Economics can commonly be Teacher, Trainer, or tutor of this Subject and Specialy he/she can be astrolger for Share Market, Inflation &Deflation estimator, Finanance estimator and can be Economist...
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Economics is vast subject. It is not only interesting but also captures many fields to work. A student good in Economics can commonly be Teacher, Trainer, or tutor of this Subject and Specialy he/she can be astrolger for Share Market, Inflation &Deflation estimator, Finanance estimator and can be Economist for Country. read less
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Trainer

Economics is not only interesting but also integrated into many fields. Studying Economics can land you a job as Teacher, a Share Market analyst, Inflation & Deflation estimator, Finance Manager and high level jobs such as an Economist.
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