It is a special branch of economics bridging the gap between abstract theory and managerial practice Willian Warren Haynes, V.L. Nature and Scope of Managerial Economics PPT @ MBA 2009 - Free download as Powerpoint Presentation (.ppt), PDF File (.pdf), Text File (.txt) or view presentation slides online. I. Relationship with other subjects. Nature and Scope of Managerial Economics PPT @ MBA 2009 View Unit 1- Nature and Scope of Managerial Econoics PPT.pptx from ECON 102 at San Diego State University. The management discipline focuses on a number of principles that aid the decision-making process of organizations. Application of Managerial Economics. On the other hand, economics is related to an optimum allocation of limited resources for attaining the set objectives of organizations. OPERATIONAL ISSUES: Operational issues refer to those , which wise within the business organization and they are under the control of the management. I) OPERATIONAL ISSUES OR INTERNAL ISSUES. Pricing is a very important aspect of Managerial Economics as a firm's revenue earnings largely depend on its pricing policy. The scope of managerial economics covers two areas of decision-making. Once a particular quantity of output is ready for sale, the firm has to fix its price given the conditions in the market. … These are as follows: 1. Theory of Demand and Demand Forecasting 2. Managerial Economics is a link between two disciplines, which are management and economics. Scope of Managerial Economics. II) ENVIRONMENTAL ISSUES OR EXTERNAL ISSUES. Pricing decisions, policies and practices. 1 The Nature and Scope of Managerial Economics Managerial Economics Management is the