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Management
Choice and Utility Theory. Law of Diminishing marginal utility. Consumer Equilibrium. Indifference curve Analysis. Consumer Surplus. Price effect, Substitution Effect and Income Effect. Module 4:Costs of Production and the Organization of the Firm. The Production Function. Profit-Maximizing Input Usage. Isoquants and Isocosts. Cost Minimization and Optimal Input Substitution. The Cost Function. Long-run Costs and Economies of Scale. Multiple Cost Functions and Economies of Scope. Methods of Procuring Procurement. Inputs and Optimal Input
Managerial Compensation and the Principal-Agent Problem. Module 5: Decisions. Market Structure: Pricing and Output
The Nature of Industry. Perfect Competition. Monopoly. Monopolistic Competition. Oligopoly. Module 6: The Economics of Information and the Role of Government in the Marketplace Asymmetric Information. Auctions. The Role of Government in the Marketplace. COURSE DETAIL
S.No
Topics
No.of Hours
Demand analysis.
Production analysis.
Cost Analysis.
Perfect Competition.
Monopoly.
Monopolistic Competition.
10
Oligopoly.
11
References: 1. Managerial Economics: Concept and Applications by Thomas and Maurice, 8th edition, McGraw- Hill. 2. Managerial Economics by Mark Hirschey, 10th edition, Thompson. 3. Managerial Economics by Atmanand, Excel Publication.
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