Mg2452 Anna University Notes

My daughter student of the Anna University she has loosed her MG2452 Engineering Economics and Financial accounting notes? So I am searching for the Anna University she has loosed her MG2452 Engineering Economics and Financial accounting notes online? If you any idea about any site where I can download its notes then please tell me about this?

Hello sir, Im looking for Mg2452 Anna University Notes. Is there any one can provide me notes from Anna University subject which code is MG2452?

[pooja]

Anna University has a subject which code is MG2452 and subject is Engineering Economics and Financial Accounting.

The subject code MG2452 of Engineering Economics and Financial Accounting having all 5 units notes.

Notes from Anna University subject which code is MG2452:







Notes from Anna University subject which code is MG2452:

Introduction:

Managerial economics in the form of engineering economics is a valuable tool to analyze various business situations a firm may be in.

Definition of economics;
Adam Smith the first among the classical economists and father of economics as a science of wealth
Alfred Marshall said wealth is not an end in itself but only a means to an end end being human welfare
Lionel Robbins both.

Introduction of managerial economics:
Managerial economics focus on identifying and solving the decision problems faced by the manager in an enterprise.

Define:
According to Evan J.Douglas Managerial economics is concerned with the application of economic principles and methodologies to the decision making process under conditions of uncertainty.

According to Moyer and Harris Managerial economics is concerned with resource allocation decisions that are made by enterprise managers in the private, public and not-for-profit sectors of the economy.

Nature / Characteristics of managerial economics:
1. Micro economics in character:
Managerial economics is concerned with finding solution for different managerial problems of a particular firm. Thus, it is closer to micro economics.