UNIT 1:
Definition of economics - nature and scope of economic science
Definition of economics - nature and scope of economic science
Nature and scope of managerial economics - basic terms and concepts - goods - utility - value - wealth
Nature and scope of managerial economics - basic terms and concepts - goods - utility - value - wealth
Economies of large and small scale - consumption
Wants - its characteristics and classification
UNIT 2:
Demand - demand schedule - demand curve
law of demand - elasticity of demand - types of elasticity
Supply – supply schedule - supply curve
Market price and normal price
UNIT 3:
Mixed economy - money and banking - banking - kinds
Control of credit - monetary policy - credit instrument
UNIT 4:
Short term borrowing - Long term borrowing
Internal generation of funds - External commercial borrowings
Assistance from government budgeting support
UNIT 5:
Types of costing – traditional costing approach - activity base costing
Fixed Cost variable cost – marginal cost
Cost output relationship in the short run and in long run
Break even analysis - basic assumptions – break even chart
