Coming soon
Economic Analysis
The objective of this course is to acquaint the students with concepts and techniques used in economic theory and to enable them to apply this knowledge in business decision-making.
Meaning and Definition, scope of micro economics Difference and Inter Dependence of Micro and Macro Economics. Role of micro and macro economics in the formulation of business policy
Utility Approach- concept of utility, Law of Diminishing marginal utility, Law of Equi Marginal Utility
concept, properties of indifference curve, consumer equilibrium, price effect, income and substitution effect
Demand analysis: -Law of demand, elasticity of demand,: degree of elasticity, methods of measuring elasticity
Types of cost , short run and long run cost curves
Revenue: Concept and types
Law of Production- Meaning of Production, Law of Variable Proportions, Returns to scale, Isoquants: Properties of isoquants, isoquants and return to scale
Meaning, Characteristics of Market.
Price and Output determination under: Perfect Competition, imperfect competition, Monopoly, Discriminating Monopoly, Oligopoly (Kinked demand curve)
Duopoly and Monposony- definition and features
Concept, price determination in perfect & imperfect market
Interest :types of interest, Keynesian theory of interest and modern theory of interest
Profit: concept of profit, uncertainty theory of profit, modern theory of profit
- Somdeo, Business Economics, RBD, Jaipur
- Mathur, N.D, Business Economics, Shivam Publication, Jaipur
- Baumol, W J. Economic Theory and Operations Analysis.3rded,New Delhi, Prentice Hall 1996
- Jain, Khaana, Tiwari, Modern Business Economics,V K publications
- D. M Mithani, Managerial Economics, Himayala Publishing House
- Dwivedi D.N, Managerial Economics, Vikas Publications, Delhi
- Koutsoyiannis, Modern Economics, New York, Macmillan,1991
