Escolar Documentos
Profissional Documentos
Cultura Documentos
Course Outline
of
Managerial Economics
For
Semester: II
Faculty:
Page 1 of 9
Semester: II Course: Managerial Economics Faculty: Dr. Ranita Nagar &
Hitesh Thakkar
Page 2 of 9
Semester: II Course: Managerial Economics Faculty: Dr. Ranita Nagar &
Hitesh Thakkar
No. of Sessions
Module No. Modules
(Classes)
II.6.1 Introduction to Managerial Economics 4
II.6.2 Demand and Supply: Concept of Elasticity in Business 6
Decision
II.6.3 Consumer Demand Theory 6
II.6.4 Production Theory 6
II.6.5 Cost and Revenue Concepts: Maximizing Profits 6
II.6.6 Market Structure: Perfect competition, Monopoly, 7
Monopolistic Competition and Oligopoly
II.6.7 Introduction and Interface: Law and Economics 7
II.6.8 An introduction to Law and Economic Development 7
II.6.9 An Economic theory of Property 7
II.6.10 An Economic theory of Crime and Punishment 7
Total = 63
Page 3 of 9
Semester: II Course: Managerial Economics Faculty: Dr. Ranita Nagar &
Hitesh Thakkar
Managerial Economics
PART- I
Module- II.6.1. Principles of Economics Sessions: 4
Module- II.6.2 Demand and Supply: Concept of Elasticity in Business Decision Sessions: 4
Page 4 of 9
Semester: II Course: Managerial Economics Faculty: Dr. Ranita Nagar &
Hitesh Thakkar
Module- II. 6.5 Cost and Revenue Concepts: Maximizing Profits Sessions: 6
Opportunity cost
Marginal and average cost
Fixed and variable cost
Short run and long run cost
TR, AR and MR : Revenue pattern in Perfect Competition and Imperfect Competition
Equilibrium of the Firm: Maximizing Profits in Perfect Competition and Imperfect
Competition
Introduction
Short and long run equilibrium
Social cost of monopoly
Price discrimination
Business strategy and game theory
Cartels and collision
Barriers to entry
Relevance to competition policy and I.P.R.
PART- II
Page 5 of 9
Semester: II Course: Managerial Economics Faculty: Dr. Ranita Nagar &
Hitesh Thakkar
Cases
Page 6 of 9
Semester: II Course: Managerial Economics Faculty: Dr. Ranita Nagar &
Hitesh Thakkar
Prescribed Readings
1. Ahuja, H.L., Modern Microeconomics: theories and policies (S. Chand 2009)
2. Robert D. Cooter and Thomas Ulen, Law and Economics (6th edn, Pearson
Education 2011)
3. Petersen Craig H. Petersen, W. Cris Lewis and Sudhir K. Jain, Managerial Economics
(Pearson 2009)
4. Dominick Salvatore and Ravikesh Srivastava, Managerial Economics Principles
and Worldwide Applications (7th edn Oxford University Press 2012)
5. Gangopadhyay,S and V. Santhakumar, Law and Economics (SAGE Publications
2013)
6. Koutsoyiannis A, Modern Microeconomics (Macmillan Press Ltd, London 2010)
7. Pindyack, Robert S & Rubinfeld, Daniel L, Microeconomics (5th edn Pearson
Education Pvt Ltd 2004)
8. Lipsey, Richard & Chrystal, Alec , Economics (Oxford University Press, New York
2009)
Recommended Readings
Books
Articles
Lecture Method
Case Study
Class-room participation
Presentation by students if needed
Group discussion whenever required
Guest Lecturers
Continuous Evaluation…….………………………………..……….………….50
Project/Project Presentation……………………………….………….20
Mid-Term Exam…..………………………….…………….…………30
End-Semester Examination…..…………………………………...........................50
Total 100
Page 8 of 9
Semester: II Course: Managerial Economics Faculty: Dr. Ranita Nagar &
Hitesh Thakkar
The Course Outline given here is though exhaustive, it is also considered tentative in the sense
the concerned faculty-member may modify it while engaging the academic sessions with inputs
from students if found to be appropriate and required.
The teaching course of this subject and methodology will not be necessarily bound by
parameters shown here.
Both faculty-members and students may mould the Course Outline according to the needs
suitable for better and progressive understanding of the subject in a flexible way.
Students are requested to respond to the course outline well before the academic sessions if
they have suggestions.
Page 9 of 9