managerial economics
- noun
- /ˌmænɪˈdʒɪəriəl ɪˌkɒnəmɪks/
- Specialized
:
economía gerencial
- She studied managerial economics to understand how to apply economic principles in her business.
Examples
-
In his course on managerial economics, he explained how economic theory influences management strategies.
-
The stronger mathematical training received in the Moscow school is used in subsequent courses, such as in economic-mathematical modeling and in managerial economics.
Academic text (1996) -
The company decided to hire an expert in managerial economics to improve their decision-making processes.
How Objective
- Specialized
4
8.4
- Specialized
1
6.3
- Specialized
- Specialized
Surface Forms
Morphology
The meaning 'the application of economic theory to business management' is directly and compositionally derived from 'managerial' (relating to management) plus 'economics' (the study of economic activity). This is a standard adjective+noun academic compound and corresponds to similar constructions in other languages, so a B1 learner who knows both constituents would readily infer the MWE meaning.
Etymology
Managerial economics comes from putting together managerial (about the managers who run a business) and economics (the study of how to use money and resources). Imagine a manager using simple economic ideas like price and cost to decide what to do, so the phrase means 'using economics to guide business decisions'.