MBA-ISemest
er PaperCode:MBAC1002
MANAGERI
ALECONOMI
CS
Ob
jec
tiv
es
ՖՖ Toint
roducetheeconomicconcepts
ՖՖTofamili
ari
zewi t
hthestude
ntstheimport
anceof
e
c on
omica p
p roa
chesinma nag
eria
l d
ecis
ionmaki
ngTo
u
n der
stan
dth eappl
icat
ion
sofe conomict
h e
ori
esi
n
b
u si
nessdeci
s i
ons
Un
it–I
Gen e
ralFou
ndati
onsofManageri
alEc
onomics-Economic
Ap
proach-Cir
cul
arFlowofAct
ivi
ty-Natu
reoft
heF i
rm-
Obj
ect
ivesofFi
rms-DemandAn a
lys
isandEsti
mati
on-Indi
vidual
,
Mar
ketandF i
rmdemand-Deter
minant
sofdema n
d- El
asti
cit
y
measu
resandBu s
ine
ssDe c
isi
onMak i
ng-DemandForecast
ing.
Uni
t-
II
L
awofVa r
iabl
ePr
opor
ti
ons- Theoryoft
heFir
m-
Pr
oducti
onFunct
ion
sint
heShortandLon gRun-CostFunct
ion
s–
Det
ermina
ntsofCost
s–CostForec
a s
ti
n g-Shor
tRunandL ong
Ru
nCo st
s–TypeofCost
s-Analys
isofRiskandUncert
ain
ty.
Uni
t-
III
ProductMark
ets-Dete
rminat
ionUnderDif
fer
entMar
ket
s-
Mar
ketSt r
uc t
ure–Perf
ectComp e
ti
tion–Mon opol
y–
Monopolis
ti
cComp eti
ti
on–Du opol
y- Oli
gopol
y-Pri
ci
ngand
Empl
oy mentofInpu
tsUn d
erDiff
erentMarke
tStruc
tur
es–Pri
ce
Di
scri
min at
ion-Degr
eesofPric
eDis cr
imi
nati
on.
Un
it-
IV
Int
rod
uct
iont
oNa
tion
alI
ncome–Na
tion
alI
ncome
Con
cep
ts-
Mod
elsofNa
tion
alI
ncomeDe
ter
min
ati
on-
Econ
omi
c
I
ndi
cat
ors-
Tec
hnol
ogya
ndE
mpl
oyme
nt-
Iss
uesa
ndCh
all
eng
es
–Bu
sin
essCy
cle
s–Ph
ase
s–Ma
nag
eme
ntofCy
cli
cal
,F
luc
tua
tion
s-F
isc
ala
ndMon
eta
ryPol
i
cie
s.
Uni
t–V
Ma croEc on
omicEnvi
ronment-EconomicTrans
it
ioni
n
I
ndi
a- AquickRe v
iew-Li
ber
a l
i
zati
on,Pri
vati
zat
ionand
Gl
obal
izat
ion- Busi
nes
sandGov e
rnme n
t- Publ
ic-
Pri
vat
e
Par
ti
ci
p a
tion(PPP)-In
dust
ri
a l
Fin
an c
e- Fore
ignDir
ect
I
nvest
me nt
(FDIs).
1
,Re
fer
enc
es
Yog
eshMa
hes
war
i,
Man
age
ria
lEc
ono
mic
s,Ph
iLe
arn
ing
,
Ne
wde
lhi
,20
05Gu
ptaG.
S.,
Ma
nage
ria
lEc
ono
mic
s,Ta
taMc
gra
w-Hi
l
l,Ne
wDe
lhi
Moy
er
&Ha
rri
s,
An
age
ria
lEc
ono
mic
s,Ce
nga
geL
ear
nin
g,Ne
wde
lhi
,20
05
Ge
eti
ka,
Ghos
h&Ch
oud
hur
y,,
Ma
nage
ria
lEc
ono
mic
s,Ta
taMc
gra
whi
l
l,Ne
wde
lhi
,20
11
*
***
*
, 2
er PaperCode:MBAC1002
MANAGERI
ALECONOMI
CS
Ob
jec
tiv
es
ՖՖ Toint
roducetheeconomicconcepts
ՖՖTofamili
ari
zewi t
hthestude
ntstheimport
anceof
e
c on
omica p
p roa
chesinma nag
eria
l d
ecis
ionmaki
ngTo
u
n der
stan
dth eappl
icat
ion
sofe conomict
h e
ori
esi
n
b
u si
nessdeci
s i
ons
Un
it–I
Gen e
ralFou
ndati
onsofManageri
alEc
onomics-Economic
Ap
proach-Cir
cul
arFlowofAct
ivi
ty-Natu
reoft
heF i
rm-
Obj
ect
ivesofFi
rms-DemandAn a
lys
isandEsti
mati
on-Indi
vidual
,
Mar
ketandF i
rmdemand-Deter
minant
sofdema n
d- El
asti
cit
y
measu
resandBu s
ine
ssDe c
isi
onMak i
ng-DemandForecast
ing.
Uni
t-
II
L
awofVa r
iabl
ePr
opor
ti
ons- Theoryoft
heFir
m-
Pr
oducti
onFunct
ion
sint
heShortandLon gRun-CostFunct
ion
s–
Det
ermina
ntsofCost
s–CostForec
a s
ti
n g-Shor
tRunandL ong
Ru
nCo st
s–TypeofCost
s-Analys
isofRiskandUncert
ain
ty.
Uni
t-
III
ProductMark
ets-Dete
rminat
ionUnderDif
fer
entMar
ket
s-
Mar
ketSt r
uc t
ure–Perf
ectComp e
ti
tion–Mon opol
y–
Monopolis
ti
cComp eti
ti
on–Du opol
y- Oli
gopol
y-Pri
ci
ngand
Empl
oy mentofInpu
tsUn d
erDiff
erentMarke
tStruc
tur
es–Pri
ce
Di
scri
min at
ion-Degr
eesofPric
eDis cr
imi
nati
on.
Un
it-
IV
Int
rod
uct
iont
oNa
tion
alI
ncome–Na
tion
alI
ncome
Con
cep
ts-
Mod
elsofNa
tion
alI
ncomeDe
ter
min
ati
on-
Econ
omi
c
I
ndi
cat
ors-
Tec
hnol
ogya
ndE
mpl
oyme
nt-
Iss
uesa
ndCh
all
eng
es
–Bu
sin
essCy
cle
s–Ph
ase
s–Ma
nag
eme
ntofCy
cli
cal
,F
luc
tua
tion
s-F
isc
ala
ndMon
eta
ryPol
i
cie
s.
Uni
t–V
Ma croEc on
omicEnvi
ronment-EconomicTrans
it
ioni
n
I
ndi
a- AquickRe v
iew-Li
ber
a l
i
zati
on,Pri
vati
zat
ionand
Gl
obal
izat
ion- Busi
nes
sandGov e
rnme n
t- Publ
ic-
Pri
vat
e
Par
ti
ci
p a
tion(PPP)-In
dust
ri
a l
Fin
an c
e- Fore
ignDir
ect
I
nvest
me nt
(FDIs).
1
,Re
fer
enc
es
Yog
eshMa
hes
war
i,
Man
age
ria
lEc
ono
mic
s,Ph
iLe
arn
ing
,
Ne
wde
lhi
,20
05Gu
ptaG.
S.,
Ma
nage
ria
lEc
ono
mic
s,Ta
taMc
gra
w-Hi
l
l,Ne
wDe
lhi
Moy
er
&Ha
rri
s,
An
age
ria
lEc
ono
mic
s,Ce
nga
geL
ear
nin
g,Ne
wde
lhi
,20
05
Ge
eti
ka,
Ghos
h&Ch
oud
hur
y,,
Ma
nage
ria
lEc
ono
mic
s,Ta
taMc
gra
whi
l
l,Ne
wde
lhi
,20
11
*
***
*
, 2
