Managerial Economics

Table of Content

Unit 1 - Introduction to Managerial Economics and Theories of Firms

  1. Concept and Scope of Managerial Economics
  2. Nature/Feature of Managerial Economics
  3. Role / Importance / Uses of Managerial Economics in Business Decision Making
  4. Accounting Cost and Economic Cost
  5. Theories of Firm: Profit Maximization
  6. Theories of Firm: Value Maximization
  7. Theories of Firm: Sales Revenue Maximization
  8. Willianson's Model of Managerial Discretion
  9. Numerical and Their Solutions

Unit 2 - Demand Analysis and Forecasting

  1. Concept of Demand Forecasting
  2. Significance of Demand Forecasting
  3. Techniques of Demand Forecasting
  4. Qualitative Methods: Survey Methods and Market Experiment
  5. Quantitative Methods: Trend Projection Method - Time Series Analysis
  6. Quantitative Methods: Trend Projection Method - Moving Average Method
  7. Regression Analysis and Barometric Technique
  8. Use of Elasticities of Demand in Business Decision Making
  9. Limitation of Forecasting
  10. Numerical and Their Solutions

Unit 3 - Production and Cost Analysis

  1. Production
  2. Production Function
  3. Types: Short Run Production Function
  4. Types: Long Run Production Function
  5. Uses/Importance of Production Function
  6. Optimal Use of one variable input and two variable inputs
  7. Learning Curve
  8. Empirical estimation of short run cost function
  9. Numerical and Their Solutions

Unit 4 - Pricing Theory and Practice

  1. Pricing under Oligopoly
  2. Cartel Arrangement
  3. Price Leadership
  4. Krinked Demand Curve Model
  5. Strategic Behaviour and Game Theory: Concept
  6. Strategic Behaviour and Game Theory: Payoff Matrix
  7. Strategic Behaviour and Game Theory: Nash Equilibrium
  8. Strategic Behaviour and Game Theory: Prisoner's Dilemma
  9. Strategic Behaviour and Game Theory: Simultaneous Move One Shot Game
  10. Strategic Behaviour and Game Theory: Simultaneous Move Repeated Game
  11. Strategic Behaviour and Game Theory: Multistage Game
  12. Pricing Techniques: Cost-Plus Pricing
  13. Pricing Techniques: Incremental Cost Pricing
  14. Pricing Techniques: Predatory Pricing
  15. Pricing Techniques: Multiple Product Pricing (Fixed Proportion)
  16. Pricing Techniques: Transfer Pricing
  17. Pricing Techniques: Peak-Load Pricing and Two Part Tariff
  18. Economics of Discriminations
  19. Wage Differentials
  20. Price Discrimination
  21. Numerical and Their Solutions

Unit 5 - Risk Analysis

  1. Concept of Risk and Uncertainty
  2. Attitude Towards Risk and Uncertainty
  3. Utility Theory and Risk Aversion
  4. Information and Risk: Asymmetric Information
  5. Information and Risk: Adverse Selection
  6. Information and Risk: Signalling
  7. Information and Risk: Moral Hazard
  8. Information and Risk: Principal-Agent Problem
Unit 6 - Market Efficiency and Role of Government
  1. Market and efficiency: Effect of government policy (tax and price control policy) in market equilibrium and market efficiency
  2. Market failure: Concept and sources of market failure: Market power and deadweight loss
  3. Concept and sources of market failure: Incomplete information
  4. Concept and sources of market failure: Externalities
  5. Concept and sources of market failure: Public goods.
  6. Government response to market failure: Rationale for regulation
  7. Government response to market failure: Monopoly regulation
  8. Government response to market failure: Antitrust policy
  9. Government response to market failure: Patent system
  10. Government response to market failure: Operating controls
  11. Government response to market failure: Subsidy policy
  12. Government response to market failure: Tax policy
  13. Government response to market failure: Regulation of environmental pollution
  14. Regulation of international competition.
  15. Problems of regulation
  16. Effects of regulation on efficiency.
  17. Government failure: Theory of public choice.
  18. Numerical and Their Solutions

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