MBA Course in Managerial Economics at Prince Sultan University. Lecture 1 covers introductory overview to economics - choice, economic decisions, scarcity, scare resources, limited resources, human action, purposeful behavior, trade-offs, opportunity cost, marginal analysis, efficiency, productivity, means, resources, inputs, money, capital, labor, land, utility, modeling, economic models, microeconomics, firms, businesses, household, macroeconomics, GDP, stock market capitalization, imports, exports, trade surplus, trade deficits, inflation, unemployment, currency board, fixed-exchange, gold, consumer goods and services, input variables, output variables, model theory, model variables, causation, correlation,

Prince Sultan University, Saudi Arabia
Professor: Dr. Krassimir Petrov