The Administrative Economy by Dr. Kazem Jasim Al-Issawe

Administrative Economics Dr. Kazim Jassim Al-Isawi The topic of administrative economics is relatively new compared to other economic sciences, and it has received significant attention from many specialists, especially after the complexity and expansion of economic and administrative problems on one hand, and the increasing interconnection between economics and management on the other. This interconnection has become clear in the work of projects and their various activities, where the interests of many societal parties meet, represented by project owners, shareholders, administrations, workers, consumers, and governments. The subject of administrative economics is primarily based on economic theory and tools of economic analysis, especially microeconomic theory, in formulating and making administrative decisions that focus on addressing all activities within these projects, solving the problems they face, and finding appropriate solutions to enable these projects to achieve their set goals. In this context, it can be said that, in order for management in any project to achieve its objectives, it must have a certain level of economic knowledge, especially regarding some issues about which administrative decisions are to be made, whether related to production, prices, expected demand, costs, revenues, or profits, etc. Considering that most of these topics are economic issues with their own laws and analysis methods. Theoretical analysis methods and quantitative analysis, in addition to mathematical and statistical techniques, have been adopted to address some issues. The book includes nine chapters: The first chapter addresses some basic concepts in administrative economics. The second chapter deals with demand, influencing factors, sales forecasting, and demand estimation methods. The third chapter focuses on decisions related to production and the optimal production size. The fourth chapter addresses the analysis of production costs. The fifth chapter analyzes pricing, pricing policies, and price discrimination. The sixth chapter is dedicated to profits. The seventh chapter concentrates on topics related to production concentration, mergers, and integration between projects. The eighth chapter addresses inventory control. The ninth chapter deals with evaluating performance efficiency in projects.