Managerial Economics - meaning, nature and scope - Managerial Economics
and business decision making - Role of Managerial Economist - Fundamental
concepts of Managerial Economics- Demand Analysis - meaning, determinants
and types of demand - Elasticity of demand.
Supply meaning and determinants - production decisions - production
functions - Isoquants, Expansion path - Cobb-Douglas function.
Cost concepts - cost - output relationship - Economies and diseconomies of
scale - cost functions.
Market structure - characteristics - Pricing and output decisions - methods of
pricing - differential pricing - Government intervention and pricing.
Profit - Meaning and nature - Profit policies - Profit planning and forecasting -
Cost volume profit analysis - Investment analysis.
National Income - Business cycle - inflation and deflation - balance of payments
- Monetary and Fiscal Policies
MBA Common Subjects