Name: Instructor: Course: Date: First of all people need to understand the concept of what managerial economics and in this case it can be defined as the science of directing scarce resources to manage the economy or something cost effectively. In a recent news article in the New York Times titled “what the president could learn from professional economist” Michael Flynn who had served briefly as national security adviser gave excellent advice to President Trump. Mr. Flynn received a call from the president at 3 a.m. looking at the aspect of a stronger dollar or a weak on is either good or bad it all depends on the angle that one looks from. One has to consider the situation at hand and the underlying aspects that are driving the change. All in all the decisions by the top manager are the ones that hold the country and any slight mistake could lead to its fall. References. What the President Could Learn From Professional Economists - The New York Times. (n.d.). Retrieved from https://www.nytimes.com/2017/03/10/upshot/what-president-trump-could-learn-from-professional-economists.html?_r=0 [...]
Select an article from the news of the past week that illustrates managerial economics In a paper of no more than two pages (double spaced, one inch margins, 12 point type) briefly summarize the article and discuss the underlying economic concept(s) of the article.