Syllabus:
Unit – 1
Introduction to Managerial Economics
Introduction to Managerial Economics, Meaning, features and Scope of Managerial Economics.
Demand-types and Determinants of Demand – Law of Demand –Elasticity of Demand –Price, Income and Cross elasticity of demand – Concept and methods of demand forecasting.
Supply Schedule- individual and market supply, determinants of supply, law of supply, Elasticity of supply.
Unit – 2
Producer and Consumer Behavior
Theory of Production-Factors of Production, Production Function, Law of Variable Proportions, Returns to Scale, Producers’ Equilibrium.
Theory of Cost- Short Run and Long Run Average, Marginal and Total Cost Curves. Cardinal Utility Approach-Law of Diminishing Marginal Utility, Law of Equi- Marginal Utility, Indifference Curves, Budget Lines and Consumer Equilibrium.
Unit – 3
Market Structure and Pricing Practices
Classification of Market Structure – Price and Output determination under Monopolistic competition – Characteristics of Oligopoly –Kinked Demand curve – Price Leadership - Pricing Practices: Cost Plus Pricing-Multi Product Pricing - Dumping
Unit – 4
Concept and phases of Business cycle, Concept and phases of Business cycle: Hicks theory – Schumpeter’s theory, Monetary and Fiscal Policies, Business cycle and business policies
- Teacher: Santosh Devekar
- Teacher: Ketaki Kambale
- Teacher: Nagina Mali
- Teacher: Naziya Mullani
- Teacher: Priyanka Surve