Abstract: This study provides an overview of the bioeconomic analysis and different management techniques for fisheries. A variety of bioeconomic analysis that affect the fishery as a whole is examined. It also presents the potential benefits and draw backs of different management tools. In general, the study finds that some management tools are equivalent and suggests that combinations of some management tools may be more useful for fisheries management. We also analyze optimal harvesting policy in a general framework of both single species and multi species fishery.