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Managerial Economics Syllabus.

Part 1: Demand Analysis
Introduction, What is Managerial Economics?, Demand Analysis, Elasticity of Demand, Demand forecasting and methods of demand forecasting

Part 2: Market Equilibrium
Introduction, Supply Analysis, Market Equilibrium

Part 3: Production Function
Introduction, Cost concept, Production function

Part 4: Objectives of Firms
Introduction, Profit Maximization Model, Economist Theory of Firm, Cyert and March’s Behavioural theory, Marris Growth Maximisation Model, Baumol Static and Dynamic Model, Williamson’s Managerial Discretionary theory

Part 5: Revenue Analysis and Pricing Policies
Introduction, Revenue Analysis, Pricing Policies

Part 6: Market Analysis
Introduction, Market Structures, Industry Analysis

Part 7: Operational Significance of Consumer’s Surplus
Introduction, Meaning of Consumer Surplus, Producer’s Surplus

Part 8: Macro Economics and Business Decisions
Introduction, Basic concepts of Macro Economics, Macro Economic Ratios

Part 9: Consumption and Investment Function
Introduction, Consumption Function, Investment Function

Part 10: Stabilization Policies
Introduction, Monetary Policy, Fiscal and Physical Policy, Physical Policy

Part 11: Business Cycle
Introduction, Business Cycle, Theories of Business Cycle, Inflation Part 12: Natural Environment and Business, Introduction, Externalities and Environmental degradation