Topic
Managerial economics
About: Managerial economics is a research topic. Over the lifetime, 1524 publications have been published within this topic receiving 83965 citations.
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TL;DR: In this article, it is argued that the major methodological problems of modern economics are rooted in internal contradictions and inconsistencies of positivism as applied to social sciences, and that unifying methodological principles of evolutionary economics are to be found in the philosophy of critical realism.
Abstract: The paper shows that the major methodological problems of modern economics are rooted in internal contradictions and inconsistencies of positivism as applied to social sciences. Evolutionary economics is considered as an alternative approach to mainstream economics, capable of overcoming internal deficiencies that mainstream economics faces. But within evolutionary economics one can find different methodological grounds leading to multiple views on how to analyze complex economic reality, build models and evaluate them properly. It is argued that unifying methodological principles of evolutionary economics are to be found in the philosophy of critical realism. The most appropriate scientific method is that of computer simulations.
1 citations
Posted Content•
01 Jan 2018
TL;DR: In this article, the authors discuss the motivation, organization and outcomes of field trips in Managerial Economics and International Business classes and suggest that many of the benefits are non-pecuniary.
Abstract: Although field trips have been recognized as effective for bridging the gap between theory and practice, instructors rarely step out of the classroom with their students. One reason is that it is unclear how those trips can be efficiently incorporated into the traditional classroom. In this paper, we discuss the motivation, organization and outcomes of field trips in our Managerial Economics and International Business classes. We use cost-benefit analysis to evaluate the pedagogical value of field trips, and suggest that many of the benefits are non-pecuniary. Although the benefits are subjective and difficult to quantify, pre-and-post tests administered to students suggest that field trips improve their knowledge, as well as enable them to apply classroom learning to practical problems. The paper identifies factors that should be considered when planning and organizing field trips in economics and business.
1 citations
Book•
15 Dec 2011
TL;DR: In this paper, the authors introduce a large scale analysis of the economy in a macro-economic setting, where consumers and producers make and sell when the interaction goes wrong and the size of demand and supply but on a larger scale.
Abstract: PART I: WHAT IT'S ALL ABOUT AND HOW TO STUDY IT What is Economics? Why Study Economics? What to Expect From Your Economics Course Studying Economics Successfully PART II: INTRODUCING SMALLER-SCALE ANALYSIS - THE MICROECONOMIC WORLD What Consumers Buy How Much Producers Make and Sell When Consumers and Producers Interact When the Interaction Goes Wrong PART III: INTRODUCING LARGER-SCALE ANALYSIS: THE MACROECONOMIC WORLD The Size of the Economy Demand and Supply but on a Bigger Scale Unemployment, Money and Inflation The Economy in its International Setting PART IV: HOW IT HAS ALL COME ABOUT The Evolution of Economics Itself The Masters of the Subject PART V: WHERE ELSE TO LOOK Recommended Resources INDEX
1 citations