Course
Outcomes:
After studying this course students will be able to -
1. Understand managerial economics and its practices
2. Demonstrate the production function
3. Illustrate pricing practices
4. Explain market structure and price determination under different market
situations
5. Understand capital budgeting and business cycles
Syllabus Contents:
Unit 1
Introduction to Managerial Economics
Managerial Economics : Nature, Scope and significance in Business Decisions
Demand Analysis- Types, Law of demand, factors affecting on demand
Elasticity of Demand - Types of elasticity and its significance in Business
Decisions Measurement of elasticity of demand- Methods and Applications
Unit 2
Production, Cost, Revenue and Profit
Production function - Meaning, Short run and Long run Production function
Cost of production Cost Concepts and its curve in short and long run
Revenue - Concepts of Revenue- Revenue curves under different markets
Profit - Gross and Net Profit, factors affecting on profit Break Even Analysis
Unit 3
Market Structure and Pricing methods
Perfect Competition - Features -Price and Output Determination
Monopoly- Features-Price and Output Determination
Monopolistic Market- Features-Price and Output Determination
Oligopoly Market Features Kinked Demand Curve Price leadership.
Unit 4
Pricing Methods and Investment Analysis
Factors affecting on Pricing of Products and Services
Full Cost Pricing- Multi Product Pricing method
Price Discrimination - Dumping Prices- Peak Load Pricing method
Capital Budgeting - Methods, Significance and Limitations
- Teacher: Santosh Devekar
- Teacher: Ketaki Kambale
- Teacher: Nagina Mali
- Teacher: Naziya Mullani
- Teacher: Priyanka Surve