ECO525 Zero Lecture about all things to know
- 1. ECO5 25 Managerial Economics Dr. Pooja Kansra Head of Department of Economics MSOB
- 3. Cours e Outcom e CO1:: apply the concept of various elasticities for taking managerial decisions. CO2:: apply the concepts of cost, nature of production and its relationship to business operations. CO3:: analyse the concept of price and output decisions of firms under various market structure. CO4:: analyse the impact of macroeconomic variables on economic growth CO5:: measure the various components of National Income to evaluate its impact on the economy CO6:: evaluate the monetary and fiscal policies to control inflation.
- 4. Teaching consists of Lectures (L)= 3 Tutorial (T) = 1 Practical (P)= 0 L/T/P=3/1/0
- 5. Key Topics to be Studied in the Subject • Introduction of Managerial Economics • Demand Analysis • Production and Cost function • Market structure
- 6. Key Topics to be Studied in the Subject • Working of macroeconomics environment • National income concepts • Money and inflation • Monetary and fiscal policy
- 7. Textboo k
- 8. Text Book Macroeconomics: Theory And Policy By D.N Dwivedi, Mcgraw Hill Education
- 9. Reference Book Managerial Economics By Dominick Salvatore, Ravikesh Srivastava, Oxford University Press
- 10. References Microeconomic Analysis by H Varian, W.W Norton & Company
- 11. Evaluation CA Categor y A0202 Total No. Of Assignments = 2 Every CA will be of 30 marks Attendance - 5 marks (gradings apply) Assignments have to be submitted within the stipulated time with plagiarism checks.
- 13. List of Resources Relevant Websites: • Production Cost: Short Run and Long Run Costs | Saylor Academy • Market structures: definition - Policonomics
- 14. Skills Learn t Evaluating managerial economic issues. Evaluating how various markets decided their price and the quantity to be sold. Simulate the concept of ceitrus paribus.
- 15. Student s Role Students are advised to use instruction plan as rudder for their course study. They are required to submit their assignments well on time. Students are advised to visit the websites and other reference made in the instruction plan. They are required to participate in current news discussion which impacting our economy. Newspaper discussion should be a regular practice.