ECONOMICS FOR MANAGERS
ECONOMICS FOR MANAGERS SOLVED PAPERS AND GUESS
Product Details: VTU university ECONOMICS FOR MANAGERS SOLVED PAPERS AND GUESS
Pub. Date: NEW EDITION APPLICABLE FOR Current EXAM
Publisher: MEHTA SOLUTIONS
Edition Description: 2021-22
RATING OF BOOK: EXCELLENT
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ECONOMICS FOR MANAGERS
Managerial Economics: Meaning, Nature, Scope. & Significance, Uses
of Managerial Economics, Objectives and alternative hypothesis of the
firm – Law of Demand, Exceptions to the Law of Demand, Elasticity of
Demand- Price, Income, Cross and Advertising Elasticity, Uses of
Elasticity of Demand for Decision Making, - Demand Forecasting:
Meaning and Significance.(problems on Elasticity of Demand only).
Production Analysis: Concept, Production Function- Total, Average,
& Marginal Product –Law of Variable Proportions & ISO-Quants & ISO
Costs - Least cost factor combination- Returns to Scale- Economies and
Diseconomies of Scale - Technological progress and production function
Cost and Revenue Profit Functions: Cost Concepts, Fixed and variable
costs- Total Cost, Average Cost, Marginal Cost, Opportunity Cost. -
Short-run and Long-run Cost Curves
Profits: Determinants of Short-Term & Long Term Profits,
Measurement of Profit.
Break Even Analysis- Meaning, Assumptions, Determination of BEA,
Limitations and Uses of BEA in Managerial Economics (Problems on
Market Structure: Perfect Competition: Features, Determination of
Price under Perfect Competition - Monopoly: Features, Pricing under
Monopoly, Price Discrimination - Oligopoly: Features, Kinked Demand
Curve, Cartel, Price Leadership - Monopolistic Competition: Features,
Pricing under Monopolistic Competition, Product Differentiation
Pricing - Descriptive Pricing- Price Skimming, Price Penetration.
Indian Economic Environment: Overview of Indian Economy, Recent
changes in Indian Economy.
Measurement of National Income: Basic Concepts, Components of
GDP- Measuring GDP and GNP, Difficulties in measuring National
Income, Growth Rate.
Business Cycle – Features, Phases, Economic Indicators, Inflation:
Types, causes, Measurement, Kinds of Price Indices,
Primary, Secondary and Tertiary Sectors and their contribution to the
Economy, SWOT Analysis of Indian Economy.
Industrial Policies and Structure: A critical look at Industrial Policies
of India, New Industrial Policy 1991; Disinvestment in PSUs - Private
Sector- Growth, Problems and Prospects, SMEs – Significance in Indian
economy-problems and prospects
Economic Policies: Fiscal Policy: Objectives, Instruments, Union
Monetary Policy: Objectives, tools for Credit Control.
Globalization: Meaning and Implications, Phases, Impact of
Globalization on Indian Economy.
Foreign Trade: Trends in India’s Foreign Trade, Impact of WTO on
India’s Foreign Trade
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