ECONOMIC CONSULTANCY

Economics deals with earning and spending part of life. It analyzes the behavior of an individual, a firm, and a government. The important issue in order to best utilization of limited resources available to an individual, firm, or government is to consider opportunity cost of the resources and cost � benefit analysis of decisions.

Applying economic theory (microeconomics & macroeconomics) and decision tools (mathematics, statistics, & econometrics), we can maximize our satisfaction as a consumer, maximize our profit / minimize our cost, as a businessman and maximize the welfare of society as an NGO or government.

SMCSE provides economic consultancy to educational managers, businessman, and welfare or government agencies. We provide expertise in five branches of applied economics � Educational economics, Managerial Economics, Industrial Economics, Engineering Economics, & Software Economics.

Education Economics:- It refers to the application of economic theory and tools on education sector / educational institutions.

Managerial Economics:- It refers to the application of economic theory and tools to find the optimal solution to managerial decision problems of an enterprise.

Industrial Economics:- It refers to the application of economic theory and tools to find the optimal solution to managerial decision problems of an industry.

Engineering Economics:- It deals with the application of economic theory and tools on engineering sector / engineering firm. It involves the systematic evaluation of the costs and benefits of proposed technical project.

Software Economics:- It refers to the application of economic theory and tools on Software Engineering.