The scope of managerial economics has a broad range of topics, as explained below.

1. Microeconomics Theory

Demand Technique

Demand techniques focus on how consumers behave and what they want to purchase. This helps businesses determine market prices and strategies that will benefit them.

Production and Cost Analysis

Production and cost analysis evaluates how things look and finds ways to process them more effectively and cost-effectively. It also researches the link between how much is produced and how much it costs. These changes affect all the others.

Market Structures

Market structure analysis studies different market trends, such as competition, oligopoly, monopoly, and monopolistic competition. It checks how these markets affect production, pricing, and market efficiency.

Pricing Strategies

Analysing pricing strategies involves influencing decisions about supply and demand, production cost, consumer behaviour, and competition. It consists in creating market pricing strategies that aim to maximise profits while maintaining an impact on consumers.

2. Macroeconomics Theory

National Income Determination

This determines what affects a country’s national income, such as the level of employment, government spending, and production rates.

Business Cycles

This research concerns the economic growth pattern and the decline of these cycles that affect businesses and the overall economy.

Monetary and Fiscal Policy

This investigates how monetary and fiscal policies, such as inflation, interest rates, and government spending, impact businesses and the economy. 

International Trade

This involves how international trade affects businesses, such as trade agreements, currency exchange rates, and tariff impacts. It also explores strategies for successfully engaging international trade based on distribution, pricing, and marketing.

3. Econometrics Theory and Decision-Making

Econometric Technique

This uses statistical methods to analyse profit-making data and predict future financial rewarding trends. It helps managers make insightful decisions using a data-driven approach to monetary factors.

Regression Analysis

This statistical technique determines the relationship between two or more variables. In managerial economics, the use of regression analysis makes the relationship between economic variables such as price and demand to make insightful decisions. 

Time Series Analysis

This technique analyses data collected over a period of time to identify trends and patterns and predict future trends. In managerial economics, time series analysis is used to analyse economic data like inflation or sales over time to make insightful and informed decisions.