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: The role of the economics team at the American Chemistry Council, a major trade association representing the leading companies in the business of chemistry, was examined in this article, where the history of the team, its organization, its role in providing good statistics, monitoring and forecasting business conditions, conducting policy analysis, and thoughts on managing professionals are presented.
Abstract: This article examines the role of the economics team at the American Chemistry Council, a major trade association representing the leading companies in the business of chemistry. The history of the team, its organization, its role in providing good statistics, monitoring and forecasting business conditions, conducting policy analysis, and thoughts on managing professionals are presented.
TL;DR: In this article, the authors used up-to-date examples to teach applications of economic concepts and provided a stronger link between the real life business world and economic concepts than before.
Abstract: In this paper, the author expands on the idea of using up-to-date examples to teach applications of economic concepts. In the MBA Managerial Economics class, the author use profiles of two companies’ decision-making strategies and their successes to show the applications of economic concepts used by the companies. This provides an even clearer relationship between economics and the real world as students are able to follow the entire story of one company and relate different economic concepts that this firm has used during the part of their existence that is profiled. This provides a stronger link between the real life business world and economic concepts than before.