Managerial Economics
Course Name:
Managerial Economics (MBA714)
Programme:
MBA
Semester:
First
Category:
Foundation Courses
Credits (L-T-P):
(3-0-0) 3
Content:
Introduction, nature and scope of managerial economics. Business objectives and decision making. Demand analysis, law of demand, elasticity of demand, demand forecasting, supply analysis, supply elasticity. Production analysis and production function, cost concept and analysis. Market equilibrium, average revenue concept and market structure. Perfect and imperfect competition, pricing strategy. National income dynamics, theories of profit. Decision techniques and capital budgeting. Macroeconomic facts, money system and case studies
References:
1. Craig Petersen and Chris Lewis W, Managerial Economics, Prentice-Hall of India, 2000
2. Mcguigam, Managerial Economics Applications Strategy and tools, South Western, 2002.
3. Mankiw N. Gregory,Principles of Economics, Thomson, 2002.
Department:
School of Management
