Principles and Practices of Managerial Economics

ABOUT THE COURSE: This course will help its participants to understand, analyse and implement the concepts of economics on the practical ground. It will also help the interested stakeholders to understand the complexity and collect substantial evidence of the market and economics. This course will cover all the important parameters of business, market and allied field. Altogether this will be a genuine attempt to make a happy and healthy learning session.INTENDED AUDIENCE: Undergraduate students, Post graduate students, Research Scholars and Faculty MembersPREREQUISITES: Basic understanding of Economics, Commerce and ManagementINDUSTRY SUPPORT: Will be beneficial for productivity based organizations.

Week 1: Managerial Economics and Economist.

Week 2: Consumer Behaviour- I

Week 3: Consumer Behaviour -II

Week 4: Law of Demand and elasticity of Demand
Week 5: Demand Forecasting, Supply and Law of Supply
Week 6: Production and Theory of Production
Week 7: Pricing Policy
Week 8: Cost analysis
Week 9: Revenue Analysis and Theory of Profit
Week 10: Forms of Market and Perfect Competition
Week 11: Monopoly Market
Week 12: Monopolistic Competition and Oligopoly Market