Managerial Economics 101, 102 and 103: Reporting, Delegation, and Coaching - Part 1

Part 1 of our guidance on Managerial Economics.

Managerial Economics covers more than just assigning work. It's a fundamental organizational principle, applied throughout organizations.

Manager Tools introduced the idea of Managerial Economics in our Assign Work and Reporting Cast of 2010. But that was only one application of a fundamental organizational principle. Internal organizational systems are also an economy, and the rules of economics frequently apply to decisions organizations make internally.