SYLLABUS DESCRIPTION

PRESENTATIONON

UNIT -1ST• ECONOMICS –A BRIEF

INTRODUCTION

• IMPORATANCE & APPLICABILITY OF MANAGERIAL ECONOMICS

• FIRM OBJECTIVE & CONSTRAINTS

UNIT-2 • CONSUMER & PRODUCER BEHAVIOUR – BASIC

CONCEPTS ASSOCIATED WITH CONSUMER BEHAVIOUR WANT,CONSUMER DEMAND –MEANING,TYPES& DETERMINANTS(DEMAND FUNCTION) & ELASTICITY OF DEMAND ,UTILITY

• CONSUMER EQUILIBRIUM- UTILITY ANALYSIS,INDIFFERENCE CURVE ANALYSIS

• DEMAND FORECASTING METHODS.(PARTICULAR EMPHASIS ON REGRESSION METHOD)

• BASIC CONCEPT ASSOCIATED WITH PRODUCER BEHAVIOUR

• PRODUCTION FUNCTION

• ISO CURVES & LEAST COST INPUT COMBINATION

• LAWS OF PRODUCTION

• LAWS OF VARIABLE PROPORTION & RETURN TO SCALE

UNIT -3• MARKET STRUCTURE

• PERFECT COMPETITION

• MONOPOLY

• IMPERFECT COMPETITION – MONOPOLISTIC ,OLIGOPOLY

UNIT 4TH • PRICE FUNCTION

• PRICE DISCRIMINATION

• PRICING METHODS IN PRACTICE.(CASE STUDIES)

UNIT-5TH• THEORY OF COST

• THEORY OF INTEREST

• THEORY OF RENT

• COST BENEFIT ANALYSIS PUBLIC VS PRIVATE GOODS-GOVERNMENT INVESTMENT-OVERALL RESOURCE ALLOCATION- STEPS IN COST BENEFIT ANALYSIS – JUSTIFICATION FOR THE USE OF COST BENEFIT ANALYSIS