MBS 1st Semester Managerial Economics Notes

MBS 1st Semester Managerial Economics Notes
MBS 1st Semester Managerial Economics Notes

We have TU MBS 1st Semester Managerial Economics Notes PDF. MBS 1st Semester Managerial Economics Syllabus.

Course Objective:

The course aims to develop students’ knowledge and skills in the tools and techniques of economics applicable to managerial decision making.

MBS 1st Semester Managerial Economics Notes

Following are the detail informations.

Chapter Name of the ChapterContentNotes PDF
1Introduction to Managerial Economics and Theories of Firma. Concept and scope of managerial economics,
Managerial economics and business decisionmaking.
(b) Business profit and economic profit.
(c) Theories of firm: Profit maximisation, Value maximisation,
Sales revenue maximisation, Williamson’s model of managerial discretion
2Demand Analysis and Forecasting(a) Concept and significance of demand forecasting.
(b) Techniques of demand forecasting: Survey methods,
Market experiment, Time series analysis, Moving average method, Regression analysis, Barometric technique.
(c) Use of elasticities of demand in business decision making.
(d) Limitations of forecasting.
3Production and Cost Analysis(a) Production function: Short run production function,
Long run production function, Cobb-Douglas production function.
(b) Optimal use of one variable input and two variable inputs.
(c) Learning curve, Empirical estimation of short run cost function
d. Isoquant Curve

More Notes

Units Name of the ChaptersContentNotes PDF
4Pricing Theory and Practice(a) Pricing under oligopoly: Cartel arrangement,
Price leadership, Kinked demand curve model.
(b) Strategic behaviour and game theory: Concept, Payoff matrix,
Nash equilibrium, Prisoner’s dilemma, Simultaneous move one shot game,
Simultaneous move repeated game, Multistage game
(c) Pricing techniques: Cost-plus pricing, Incremental cost pricing,
Predatory pricing, Multiple product pricing (fixed proportion), Transfer pricing, Peak-load pricing, Two-part tariff.
(d) Economics of discriminations: Wage differential, Price discrimination
5Risk Analysis(a) Concept of risk and uncertainty
(b) Attitude toward risk and uncertainty:
Utility Theory and risk aversion
(c) Information and risk: Asymmetric information,
Adverse selection, Signaling, Moral hazard, Principal -agent problem.
6Market Efficiency and Role of Government(a) Market and efficiency: Effect of government policy (tax and price control policy)
in market equilibrium and market efficiency.
(b) Market failure: Concept and sources of market failure: Market power and deadweight loss,
Incomplete information, Externalities, Public goods.
(c) Government response to market failure: Rationale for regulation,
Monopoly regulation, Antitrust policy, Patent system, Operating controls, Subsidypolicy, Tax policy, Regulation of environmental pollution.
(d) Regulation of international competition.
(e) Problems of regulation, effects of regulation on efficiency.
(e) Government failure: Theory of public choice.

Hence, these are the MBS 1st Semester Managerial Economics Notes pdf.

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MBS 1st Semester Syllabus: CLICK HERE