Syllabus
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Course Code: MC 103 Course Name: Managerial Economics |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Nature and significance of managerial economics. Demand Analysis: Demand and Elasticity of Demand; Demand estimation for major consumer durable and non-durable products; Demand forecasting techniques. Production analysis and cost analysis: Production functions in short run and long run. Cost concepts, Cost behavior in short run and long run. Price Determination Under Different Market Conditions: Characteristics of different market structures; Price determination and firm’s equilibrium under perfect competition, monopoly & discriminating monopoly, monopolistic competition and oligopoly. Business Cycles: Nature and phases of business cycle, theories of business cycle- psychological, profit, monetary, innovation, Cobweb, Samuelson and Hicks theories. Inflation: Definition, characteristics and types; Inflation in terms of demand-pull and cost-push factors; Effects of inflation. |
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