| Course Status : | Upcoming |
| Course Type : | Core |
| Duration : | 12 weeks |
| Category : |
|
| Credit Points : | 3 |
| Level : | Undergraduate/Postgraduate |
| Start Date : | 22 Jul 2024 |
| End Date : | 11 Oct 2024 |
| Enrollment Ends : | 29 Jul 2024 |
| Exam Registration Ends : | 16 Aug 2024 |
| Exam Date : | 25 Oct 2024 IST |
| ALERT ON EXAM DATE : | Exam date is subject to change. |
Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.
Week 1: Managerial Economics and Economist
Introduction to Economics, Indian
Perspective of Economics, Microeconomics & Macroeconomics, Concept,
Definition, Characteristics, Nature, Scope, Significance, Methodology of
Managerial Economics, Relation of Managerial Economics with other Subjects,
Difference between Economics and Managerial Economics, Objectives of the
Firm- Profit Maximization & Wealth Maximization Objectives of the
Firm, Decision Making in Business, Features of Decision making, Role & Responsibilities of
Managerial Economist.
Week
2: Consumer Behaviour- I
Consumer Behaviour- Basic Concept Utility- Concept, Characteristics, Measurement
& Kinds of Utility, Relationship between Marginal and Total Utility,
Difference between Cardinal & Ordinal Approach. Law of Diminishing
Marginal Utility- Concept, Assumption, Tabular and Graphical
Representation, Exceptions, Importance
and Limitations of Law of Diminishing Marginal Utility. Law
of Equi- Marginal Utility- Concept, Assumptions, Importance, Criticism, Tabular
and Graphical Representation & Modern Interpretation of the Law of
Equi- Marginal Utility. Consumer Surplus- Concept, Assumptions,
Tabular and Graphical Representation, Importance & Criticism of
Consumer Surplus.
Week 3: Consumer Behaviour –II
Indifference Curve Analysis- Concept, Assumption, Features, Importance
& Limitations of Indifference Curve, Indifference Schedule, Curve
& Map, Marginal Rate of Substitution and its types, Indifference
Curve Slope and Marginal Rate of Substitution, Budget Line, Change in Budget
Line & Consumer Equilibrium through Indifference Curve. Revealed
Preference Theory- Concept, Assumption, Significance
and Explanation of Revealed Preference Theory.
Week4: Demand and Law of Demand & Elasticity of Demand
Demand and Law of Demand- Concept, Classification & Determinants of
Demand, Demand Schedule & Curve, Concept, Assumptions, Tabular and
Graphical Representation, Exceptions of Law of Demand, Reasons for the Downward
Slope of the Demand Curve, Movement along the Demand Curve and Shift in the
Demand Curve. Elasticity of Demand- Concept, Determinants,
Price, Income, Cross, Degree and Importance of Elasticity of
Demand, Methods of Measuring Price Elasticity of Demand.
Week 5: Demand Forecasting, Supply and Law of Supply
Demand Forecasting- Concept,
Features, Objectives, Steps, Factors, Importance, Challenges, Methods of
Demand Forecasting (For Old Products & New Product) & Criteria
for a Good Forecasting Method. Supply and Law of Supply- Concept, Determinants
of Supply, Supply Schedule and Curve, Law of Supply and its Exceptions. Elasticity of Supply- Concept, Determinants, Types
& Importance of Elasticity of Supply.
Week 6: Production
and Theory of Production
Production- Concept, Factors and Sectors Involved in
Production. Production Function- Concept, Features,
Assumptions, Types and Importance of Production Function. Theory of
Production- Law of Variable Proportion, Law of Return to Scale &
Economies and Diseconomies of scale.
Week 7: Pricing Policy
Pricing- Concept, Importance, Problems
of Pricing. Pricing Policy- Objectives, Factors, Types, Methods
& Process of Price Determination.
Week 8: Cost
Analysis
Concept, Types, Factors and Importance of Cost Analysis, Concept of
Cost-Function and Cost-Output Relationship in Short-Run
& Long-Run.
Week 9: Revenue Analysis and Theory of Profit
Revenue Analysis- Concept, Types, Importance & Comparative Study
of Revenue Curves under Different Markets. Theory of Profit- Concept,
Features, Types of profit & Theories of Profit.
Week 10: Forms of Market and Perfect Competition
Forms of Market- Concept, Features, Classification, Factors
& Determinants. Perfect Competition- Concept,
Features, Determination of Equilibrium Price in Perfect
Competition, Change in Equilibrium Price, Determination of
Price in Perfect Competition, & Equilibrium of
Firm in Short-Run and Long-Run.
Week 11: Monopoly Market
Concept, Features of Monopoly,
Price Determination under Monopoly, Equilibrium of the Firm in the
Short-Run and Long-Run under Monopoly, Discriminating Monopoly- Concept,
Causes, Types, Condition, Degree & Price output Determination under Discriminating
Monopoly.
Week 12: Monopolistic Competition and Oligopoly Market
Monopolistic Competition- Concept, Features, Price Determination under Monopolistic
Competition, Equilibrium of the Firm in Short-Run and Long-Run
under Monopolistic Competition. Oligopoly Market- Concept,
Features, Types & Price and Output Determination Under Oligopoly. Duopoly- Concept
& Features of Duopoly and Difference between Perfect Competition,
Monopolistic Competition, Monopoly, and Oligopoly.
DOWNLOAD APP
FOLLOW US