Role and Responsibilities

of Managerial Economist
 Managerial Economist

A managerial economist is one who

specialized in basic economic theory
and with this knowledge, he applies it
to business prosperity
 Role of Managerial Economist

The two primary task of a managerial

economist are:

 Making Decision
 Processing Information
Role of Managerial Economist
Decision factors influence the business:

External Factors:

 General Economic Condition

 Demand for the product
 Input Cost
 Market Conditions
 Firm’s share in the market
 Economic Policies
Role of Managerial Economist
Internal Factors:

 Pricing and Profit Policies

 Investment Decisions
 Technological Developments
 Business Planning
 Statistical Records
 Supply of economic information
Responsibilities of Managerial
Economist

 Better management of resources

 Forecasting
 Additional Information
 To maximize profit
 Conceptual as well as practical
 Researcher
 Thinking, Discussing and criticising
 Taking up challenging task
Essential Qualification of a
Managerial Economist

 Diplomacy Rank
 Thorough Knowledge
 Rare intuitive ability
 Creative minded
 Modest, Firm and Discreet
 Conceptual and Metrical
Thank You