International University For Graduate Studies - IUGS
IUGS’s Management and Applied Economics Programme have a primary mission to enhance the student’s ability to serve his or her profession through graduate degree studies.
Background and Philosophy
Applied economics is a social science discipline that combines economic concepts and business practices in order to make the process of decision making more effective.
Management may be defined as a function that coordinates the effects of people to accomplish goals and objectives using available resources effectively and efficiently. Management comprises planning, organizing, staffing, leading or directing, as well as controlling an organization to accomplish an objective, a goal or set of goals.
After World War II, in the 1940’s, economist, Joel Dean, Ph.D. wrote and consulted with organizations by applying microeconomics, specifically the “theory of the firm” to improve the decision making process....