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...Managerial economics bba llb semester index s no unit page introduction the term has been derived from a greek word oikonomia which means household is social science it called because studies mankind of society deals with aspects human behavior since problems scientific point view development as growing can be traced back in writings philosophers like plato and aristotle was treated branch politics during early days its ancient greeks applied this to management city state they th polis actually broadened into full fledged later half century meaning definition subject gained popularit y u after publication book by joel dean observed that shows how economic analysis used formulating policies bridges gap between traditional theory real business practices two ways firstly provides number tools techniques enable manager become more competent take decisions practical situation secondly serves an integrating course show interaction various areas firm operates according prof evan j douglas con...