As the name suggests, Managerial Economics guides us in managing our resources so that we can fully utilise them for efficiency. It involves staffing, planning, directing, organising and controlling your various resources so as to ensure maximum benefits. It also includes implementing the various principles of micro and macroeconomics to facilitate efficient decisio...
Statistics is an analytical subject in the Economics world that helps in representing data appropriately to derive meaningful conclusions. It is a science concerned with the collection, analysing, interpreting and representation of empirical data along with various other topics. It helps in manipulating data and studying other concepts using graphical presentations....
Business Economics is that aspect of Economics that deals with the various challenges and issues thrown in the direction of the business. It also teaches us how to manage various strategies according to the convenience and well-being of the business. Also, Business Economics helps develop knowledge regarding various fields that are high in demand, like capital manag...
Programming and data analysis mainly involve statistics computing, collecting, analyzing and interpreting data to generate accurate results. It holds immense strategic importance in the smooth functioning of our nation, as it determines the actual rate of budget, income and growth of the country. Since this subject is nationally essential and has a vast scope, pursu...
Economics: A Subject Dealing With Important Sectors
Economics is regarded as a subject of immense importance and value in the lives of every individual. It teaches us about handling various necessities of life, from managing our budget to controlling our expenditure. It also contains in-depth about how certain co...
