MBA

M24-MBA-102 Managerial Economics

Part A – Introduction
Name of Programme		MBA (2 Years)
Semester		First
Name of the Course		Managerial Economics
Course Code		M24-MBA-102
Course Type		CC-2
Level of the course		400-499
Pre-requisite for the course (if any)		A business newspaper and case studies of the firms
Course Learning Outcomes (CLO) After completing this course, the learner will be able to:		CLO 102.1: To make students understand the nature of managerial decision making, demand, types of demand and demand elasticity. CLO 102.2: To make students understand the concept of utility, consumer equilibrium and demand estimation and forecasting. CLO 102.3: To make them understand the production and Cost behavior of a firm. CLO 102.4: To help students analyze the firm’s decision making in different situations arising from different market structures and competitive pressures, pricing decisions and assess the macro-economic variables impacting firm’s decisions.
Credits		Theory	Tutorial	Total
		3	1	4
Teaching Hours per week		3	1	4
Internal Assessment Marks		30	0	30
End Term Exam Marks		70	0	70
Max. Marks		100	0	100
Examination Time		3 hours
Part B- Contents of the Course
Instructions for Paper- Setter: The examiner will set 9 questions asking two questions from each unit and one compulsory question by taking course learning outcomes (CLOs) into consideration. The compulsory question (Question No. 1) will consist at least 4 parts covering entire syllabus. The examinee will be required to attempt 5 questions, selecting one question from each unit and the compulsory question. All questions will carry equal marks.
Unit	Topics			Contact Hours
I	Nature and Scope of Managerial Economics. Marginal and Incremental analysis. Understanding demand and demand function: Law of demand, Elasticity of demand and its significance in Managerial decision-making			14
II	Consumer Equilibrium- Cardinal utility analysis; Law of diminishing marginal utility and equi-marginal utility. Indifference curve approach; Price, income and substitution effects; Essentials of demand estimation and forecasting.			16
III	Theory of Production: Production function, Law of diminishing returns, increasing returns, variable proportions and their applicability.			12

	Cost Analysis: Types of cost, short run and long run cost curves, economics and diseconomies of scale.
IV	Market structures: Types of market structures and their features, Price and output determination under perfect competition, monopoly, monopolistic competition, and oligopoly. Pricing strategies and tactics. Inflation— types, measurement and control			18
Total Contact Hours				60
Suggested Evaluation Methods
Internal Assessment: 30			End Term Examination: 70
Ø Theory		30	Ø Theory:	70
· Class Participation:		5	Written Examination
· Seminar/presentation/assignment/quiz/class test etc.:		10
· Mid-Term Exam:		15
Part C-Learning Resources
Recommended Books/e-resources/LMS: 1. Ahuja, H.L. (2011). Managerial Economics. S. Chand & Company Pvt. Ltd. 2. Dwivedi, D.N. (2018). Managerial Economics. Vikas Publishing House, New Delhi. 3. Mehta, P.L. (2016). Managerial Economics. Sultan Chand & Sons, New Delhi. 4. Peterson, C.H., Lewis, W.C., & Jain, S.K. (2005). Managerial Economics. Pearson India, New Delhi. 5. Salvatore, D. (2014). Managerial Economics in Global Economy. Oxford Higher Education, New Delhi.

MBA

MBA

MBA

Semester 1 7/7

Semester 2 7/7

Semester 3 56/56

Semester 4 58/58

M24-MBA-102 Managerial Economics

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