Managerial Economics Lucknow University Full Notes & Important Graphs | LU MBA Sem 1
Hey, Lucknow University MBA students!
“Managerial Economics” (Code: IMS(CC)-105) bridges the gap between abstract economic theory and real-world business decisions. It helps you understand how market forces like demand, supply, and inflation impact the strategies of a firm.
We’ve organized the complete NEP syllabus into easy-to-understand notes. Whether you are studying elasticity or analyzing national income, everything is here. Just click on your desired topic below to access the notes!
Unit 1: Foundations of Microeconomics
This unit covers the fundamental tools of economic analysis that managers use every day—demand, supply, and forecasting.
Nature and Scope of Managerial Economics
[View Notes]Demand-Supply Framework
[View Notes]Elasticity: Types and Applications
[View Notes]Demand Forecasting
[View Notes]Marginal Analysis and Optimization
[View Notes]
Unit 2: Production & Cost Analysis
This unit focuses on the “supply side” of the business—how inputs are turned into outputs and the costs involved.
Analysis of Production Function
[View Notes]Theory of Cost
[View Notes]Law of Variable Proportion
[View Notes]Laws of Returns to Scale
[View Notes]Economies of Scope & Optimal Combination of Inputs
[View Notes]
Unit 3: Managerial Theories & Environment
This unit explores different theories about what a firm’s actual goals are (beyond just profit) and the economics of information.
Managerial Theories and Goal(s) of a Firm
[View Notes]Information Economics and its Business Applications
[View Notes]Environmental Economics
[View Notes]
Unit 4: Market Structures & Strategy
This unit is crucial for strategy. It explains different market types (Monopoly, Perfect Competition, etc.) and how to price your products in each.
Market Structures and Strategic Behavior of Firms
[View Notes]Pricing and Output Strategies in Different Market Structures
[View Notes]Price Discrimination
[View Notes]Game Theory Applications
[View Notes]
Unit 5: Macroeconomics
The final unit looks at the “big picture”—how the national economy (inflation, GDP, government policy) affects business prospects.
National Income Analysis
[View Notes]Theories of Inflation and Deflation
[View Notes]Theories of Business Cycles and Stabilization Policies
[View Notes]Monetary Policy
[View Notes]Fiscal Policy and the Budget
[View Notes]
📚 Keep Studying!
We hope these Managerial Economics notes help you understand the market forces better. LuNotes is your one-stop solution for all Lucknow University MBA notes. Don’t forget to check out our notes for other subjects in your semester!
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