Syllabus
|
Course Code: MBA -102 Course Name: Managerial Economics |
||
| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
|---|---|---|
| 1 | Nature and Scope of Managerial Economics. Basic economic concepts used in managerial decision making; Objective of a firm: Wealth, Profit, Sales and Value maximization. Understanding demand function: Law of demand, Elasticity of demand and its significance in Managerial decision-making; Consumer equilibrium-utility and indifference curve approach; Price, income and substitution effects; Essentials of demand estimation and forecasting. Short-run and long-run costs and production functions; Cost curves and economics of scale; Price and output determination under perfect competition, monopoly, monopolistic competition, and oligopoly. Pricing strategies and tactics. National Income— Alternative concepts, measurement and determination of National income; Inflation— types, measurement and control: Monetary and Fiscal Policies. Currency flows and essentials of exchange rate determination. |
|
