PTU university SOLVED Notes AND GUESS
Product Details: PTU university SOLVED notes AND GUESS
Format: BOOK
Pub. Date: NEW EDITION APPLICABLE FOR Current EXAM
Publisher: MEHTA SOLUTIONS
Edition Description: 2013-14
RATING OF BOOK: EXCELLENT
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MBA 105 Managerial Economics
Objective: This course is intended to make students understand various social, political, legal and economic and other factors that influence business in India so as to enable them
appreciate associated opportunities, risks and challenges and their relevance for managerial decisions.
Unit-I
Managerial Economics: Meaning, Nature, Scope & Relationship with other disciplines,
Role of managerial economics in decision Making, Opportunity Cost Principle, Production Possibility Curve, Incremental Concept. Marginal Analysis: Law of diminishing marginal utility, Law of equi-marginal utility, Indifference Curve Analysis: Meaning Assumptions Properties, Consumer Equilibrium, Uses.
Unit-II
Demand Analysis and Theory of Production: Law of Demand: Meaning, Determinants,
Exceptions, Bandwagon and Snob effects, Demand function, Application of demand analysis in managerial decision making. Elasticity of Demand: Meaning, Types & Degree of elasticity of demand, Methods of measuring price elasticity of demand, Factors determining the elasticity of demand, Demand Forecasting: Importance, Scope, Techniques of forecasting. Theory of Production: Production function, Short run and Long run production,
Analysis, Isoquants, Optimal combination of inputs, Application in managerial decision
making.
Unit-III
Theory of Cost and Market Structure: Cost Analysis: Cost Concepts and Determinants of
cost, Traditional and Modern Theory of Cost: Long run and Short run, Economy of scale, Revenue Curve, Market Structure: Price Output Decision under Perfect Competition, Monopoly, Monopolistic and Oligopoly Competition, Application in Managerial Decision Making. Behaviour of Firms and Game Theory: Nash Equilibrium, Prisoner‟s Dilemma.
Unit-IV
Macro Economics: Concept of National Income: Conceptual Framework, Measure of
National Income, Methods of Measurements, Phillips Curve, Okun‟s Law and Kuznets
Curve, Classical Keynesian Theory, Investment Multiplier, Balanced Budget and Foreign Trade Multiplier, Business Cycle: Concepts, Causes, Measures to control through Fiscal and Monetary Policy, Inflation: Meaning, Types, Theories – Demand and Cost Push Inflation, Causes, Effects and Cures of Inflation Through Price, Demand and Income Policies.
