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Unit I: Introduction to managerial economics
Managerial Economics - meaning, nature and scope - Managerial Economics and business decision making - Role of Managerial Economist - Fundamental concepts of Managerial Economics- Demand Analysis - meaning, determinants and types of demand - Elasticity of demand.
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Role of Managerial Economist
meaning, nature and scope
Fundamental concepts of Managerial Economics
Demand Analysis
Types of demand
Elasticity of demand.
Unit II: Supply and cost functions
Supply meaning and determinants - production decisions - production functions - Isoquants, Expansion path - Cobb-Douglas function. Cost concepts - cost - output relationship - Economies and diseconomies of scale – cost functions
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Supply meaning and determinants
production functions
Cobb-Douglas function
Cost concepts
cost – output relationship
cost functions.
Unit III: Market structure
Market structure - characteristics - Pricing and output decisions - methods of pricing - differential pricing - Government intervention and pricing
0/5
Market structure
Pricing and output decisions
methods of pricing
differential pricing
Government intervention and pricing
Unit IV: Profit planning and investment analysis
Profit - Meaning and nature - Profit policies - Profit planning and forecasting - Cost volume profit analysis - Investment analysis.
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Meaning and nature
Profit planning and forecasting
Profit policies
Cost volume profit analysis
Investment analysis
Unit V: National income
National Income - Business cycle - inflation and deflation - balance of payments – Monetary and Fiscal Policies
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National Income
inflation and deflation
balance of payments
Monetary and Fiscal Policies
21UCY302: MANAGERIAL ECONOMICS
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