Managerial Economics Full syllabus

 BY LU NOTES 😚

2024-2025 SYLLABUS

UNIT 1

📌 Introduction to Managerial Economics: Meaning, nature, and scope

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📌 Role of managerial economics in decision-making

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📌 Basic economic concepts: Opportunity cost, Marginalism, Equilibrium, Time Perspective

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📌 Relationship of managerial economics with other disciplines

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📌 Objectives of the firm: Profit maximization vs. wealth maximization

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UNIT 2

📌 Demand Analysis: Law of demand, determinants of demand

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📌 Elasticity of demand: Price, income, and cross elasticity
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📌 Demand forecasting techniques

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📌 Consumer behavior theories: Utility Analysis, Indifference Curve Analysis

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📌 Production Function: Law of Variable Proportions and Returns to Scale

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UNIT 3

📌 Cost Concepts and Cost-Output Relationship

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📌 Types of Costs: Fixed, Variable, Average, Marginal, Total, and Opportunity Costs

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📌 Short-run and Long-run Cost Curves

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📌 Revenue Analysis: Total, Average, and Marginal Revenue

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📌 Break-even Analysis and its Applications

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UNIT 4

📌 Market Structures: Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly

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📌 Pricing Strategies: Cost-plus pricing, Penetration pricing, Skimming pricing

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📌 Government Interventions in Market: Price Control, Taxation, and Subsidies

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📌 Business Cycles: Phases, Causes, and Impact on Business Decisions

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📌 Macroeconomic Policies and their impact on Business Decisions

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