Unit 1 Introduction to Managerial Economics

Welcome to BBA Simplified by Dr. Vinky Sharma ✨
In this lecture, we cover Unit 1 – Managerial Economics, an important topic for BBA Semester 1
This session helps you understand the basics of economics, its nature and scope, and how it supports managerial decision-making in the business world.

This video is perfect for concept clarity, exam preparation, revision, and viva answers.

💡 What You Will Learn

• What Economics really means and why it involves scarcity & choices
• Whether Economics is a science or an art (a commonly asked exam question)
• Why Economics is essential for managers for decision-making
• How Managerial Economics applies theory to real business problems
• How subjects like statistics, accounting & finance support business decisions

💬 Engage With Us

💭 Do you think Economics should be studied as a science or as an art?
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