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    Course Title: Credit Units: 3 Course Code: ECON605

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    Ubaid Dar
    The document provides details about the Managerial Economics course offered at the postgraduate level. The key objectives of the course are to familiarize students with modern economic analysis concepts to help them make better managerial decisions. The course covers microeconomic and macroeconomic topics like demand and supply analysis, production and cost theories, market structures, and national income analysis. Students will learn how to apply economic principles to business decision-making. Assessment includes internal evaluations and an end-term examination. The pedagogy involves lectures, case studies, and presentations.

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    Course Title: Credit Units: 3 Course Code: ECON605

    Uploaded by

    Ubaid Dar
    42 views3 pages
    The document provides details about the Managerial Economics course offered at the postgraduate level. The key objectives of the course are to familiarize students with modern economic analysis concepts to help them make better managerial decisions. The course covers microeconomic and macroeconomic topics like demand and supply analysis, production and cost theories, market structures, and national income analysis. Students will learn how to apply economic principles to business decision-making. Assessment includes internal evaluations and an end-term examination. The pedagogy involves lectures, case studies, and presentations.

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    Managerial economics

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    The document provides details about the Managerial Economics course offered at the postgraduate level. The key objectives of the course are to familiarize students with modern economic analysis concepts to help them make better managerial decisions. The course covers microeconomic and macroeconomic topics like demand and supply analysis, production and cost theories, market structures, and national income analysis. Students will learn how to apply economic principles to business decision-making. Assessment includes internal evaluations and an end-term examination. The pedagogy involves lectures, case studies, and presentations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    42 views3 pages

    Course Title: Credit Units: 3 Course Code: ECON605

    Uploaded by

    Ubaid Dar
    The document provides details about the Managerial Economics course offered at the postgraduate level. The key objectives of the course are to familiarize students with modern economic analysis concepts to help them make better managerial decisions. The course covers microeconomic and macroeconomic topics like demand and supply analysis, production and cost theories, market structures, and national income analysis. Students will learn how to apply economic principles to business decision-making. Assessment includes internal evaluations and an end-term examination. The pedagogy involves lectures, case studies, and presentations.

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    © All Rights Reserved
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    of 3

    Annexure ‘CD – 01’

    Course Title: MANAGERIAL ECONOMICS L T P/S SW/F TOTAL


    Credit Units: 3 W CREDIT
    UNITS
    3 - - - 3
    Course Level: PG Course Code: ECON605

    Course Objective:
    To familiarize the students with theoretical concepts of modern Economic Analysis so that they can use these as inputs in managerial decision making process. Emphasis
    would be laid on the understanding of key economic variables both at micro and macro level which influence the business operations and strategies of the firm and the
    business environment under which they operate.
    Pre-requisites: Nil

    Course Contents/Syllabus:
    Weightage (%)
    Module I: Theory of demand and supply 25
    Nature and scope of economic analysis: its relevance for a managerial decision making, Demand analysis: nature of demand for a
    product- individual demand and market demand, demand by market segmentation. Demand function and determinants of demand.
    Supply function: determinants of supply of a product, law of supply. Elasticity of supply. Concept of elasticity of demand- income,
    cross, price and advertizing elasticity. Theorems on the price elasticity of demand. Applications of the concept of price elasticity of
    demand in business decisions. Demand forecasting-- need for forecasting and techniques of forecasting.

    Module II: Theory of production and cost 25

    Production analysis: production function-- neo-classical, Cobb- Douglas, Leontief. Least cost combination of inputs for a firm.
    Concept of an isoquant-- smooth curvature and right angle. Returns to scale and returns to a factor. Expansion path of a firm. Cost
    Analysis: Costs relevant for management decision making. Economies of scale: Internal and External ,Cost Function: Cost and
    output relationship. Short Run and Long run. An Analysis of the Objectives of a Business Firm: Profit Maximization Model,
    Baumoul’s Sales Maximization Model, Marris’s Model Of ‘Managerial Enterprise' Williamson’s Model Of 'Managerial Discretion
    Module III: Market structure: price and output decisions 25
    Pricing And Output Decisions – Perfectly Competitive And Monopoly Markets Pricing And Output Decisions –Under
    Monopolistically Competitive Market-- Product Differentiation; Price Discriminating Monopolist; Models Of Oligopolistic Market
    :Price Rigidity-- The Kinky Demand Curve Model Interdependence-- The Cournot Model, Price Leadership Models, Cartels And
    Collusion,

    Module IV: Macro Economic Analysis and Business Environment 25

    Economic Policy and Analysis: Macro Economic Variables and Functional Relationships. Business Environment: An Exogenous
    Variable. Factors Influencing the Business Environment. National Income Analysis:. National Income Aggregates. Approaches to
    National Income Measurement. Models of Circular Flow of Money- Incorporating Savings, Investment, Foreign Trade and
    Government Sector. Models of Income Determination with emphasis on Keynesian Model. Concept of Investment Multiplier.
    Factors Influencing Consumption Function- Objective, Subjective And Structural. Demand and Supply of Money: Transaction,
    Precautionary and Speculative Demand for Money; Liquidity Preference Function; Components of Money Supply. Business Cycles:
    An Analysis of the Fluctuations in the Level of Economic Activity. Phases of Business Cycles. Inflation and Deflation:
    Demand - Pull and Cost -Push Inflation. Impact Of Inflation On Employment, Price Level And Other Macro Economic Variables An
    Analysis Of Policies To Control Inflation. Deflation. Monetary Policy: Objectives of Monetary Policy. Functions of Central Bank.
    Credit Policy and Its Implications on the Corporate Sector. Fiscal Policy: meaning ,objectives and impact on economy. Money
    Market ,Capital Market and Foreign Exchange Market

    Student Learning Outcomes:


    On successful completion of the course the student shall
    Develop a good understanding about the basic concepts of economics and objectives of business
    • Students will comprehensively understand, interpret, compare & contrast, explain How demand and supply equilibrium is important for business and Various
    cost and production functions and also the market structures

    • Analyze the Constituents and influence of various environmental factors on strategic choices. An overview of macro economics will be a precursor for making
    business decisions
    • Interpret the basic concepts of National Income and the related concepts

    Pedagogy for Course Delivery:


    Traditional classroom teaching shall be used for developing the concepts. Extensive use of case studies shall be made to develop practical approach and inclination.
    Innovative discussions shall be carried out in class so that students learn to think liberally using current knowledge base.
    Case studies shall be used to develop some of the concepts
    Students shall be encouraged to give presentations on the related issues in the current economic environment
    Assessment/ Examination Scheme:

    Theory L/T (%) Lab/Practical/Studio (%) End Term Examination


    100% 100%

    Theory Assessment (L&T):


    Continuous Assessment/Internal Assessment End Term Examination

    Components (Drop down)


    Class test 1 Class Test 2 Viva Attendance
    Weightage (%)
    5% 15% 5% 5%
    70%

    Text Reading:
    • Dwivedi DN, Managerial Economics, Vikas Publishing House
    • Ahuja HL, Advanced Economic Theory, S.Chand & Sons Ahuja HL, Business Economics, S.Chand & Sons Chopra PN, Managerial Economics,
    Kalyani Publishers.
    • Gupta, G.S. 2006, Managerial Economics, 2nd Edition,Tata McGraw Hill
    • Peterson, H.C and Lewis, W.C. 2005, Managerial Economics, 4th Edition, Prentice Hall of India

    References:
    • Adhikari M., Managerial Economics, Excel Books.
    • Peterson H. & W. Chris Lewis, Managerial Economic Analysis and Cases, Pearson Education.
    • Varshney, R. Land Maheshwari, 1994 Manageriaql; Economics, S Chand and Co. Koutsoyiannis, A. Modern Economics, Third Edition.

    Additional Reading:

    • R Ferguson, R., Ferguson, G.J and Rothschild, R.1993 Business Economics Macmillan.

    Any other Study Material:


    • Chandra, P.2006, Project: Preparation Appraisal Selection Implementation and Review, 6th Edition, Tata McGraw Hill.

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