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Format For Instruction Plan [for Courses with Lectures and Tutorials Course No ECO515 Course Category Cours Title MANAGERIAL ECONOMICS NA Course Planner 13612 :: Chander Shekhar Dogra Lectures Tutorial Practical Credits 4 1 0 5
Text Book:
1 Christopher R Thomas, Sumit Sarkar, S Charles Maurice, Managerial Economics, Ninth Edition, Tata McGraw Hill, New Delhi, 2010
2 Geetika, Ghosh Piyali, Purba Roy Choudhury, Managerial economics, Tata McGraw Hill, New Delhi, 2011 3 Hirshey, Mark, Managerial Economics: An integrative approach, Cengage Learning, 2011 4 H.L. Ahuja, Advanced Economic Theory, 17th Edition, Sultan Chand and Sons, New Delhi, 2011 5 Andrew Abel, Ben Bernanke, Macroeconomics, 4th Edition, Pearson Education,2006 6 Shapiro, Edward, Macro Economics, Galgotia Publications, 2006 7 Truett and Truett, Managerial Economics, Wiley India, New Delhi, 2009
Other Reading Sr No Jouranls atricles as compulsary readings (specific articles, Complete reference) 8 Jain, Monika ," Paradox of Plenty, with Special Reference to Inelastic demand for Apples", May 2011, VOL IX, No. 2, The IUP Journal of Managerial Economics, pp 44-55 9 Rajakumar, J.Dennis, "Size and growth of private corporate Sector in Indian Manufacturing", April 30-May 6, 2011, VOL XLVI, No. 18, Economic and Political Weekly, pp-95-101 10 Wall Street Is No longer Immune by Paul Krugman,New York Times 11 Poverty Alleviation in Rural India-Strategies and Programs-Planning Comission Document 12 Eleventh Five Year Plan, 2007-12 1 Approved for Spring Session 2011-12
13 Strength of preference and cardinal utility by Veronika Kobberling,Economic Theory 27, 375391 (2006),University of Maastricht 14 Updating Managerial Economics by Thoams P. Egan,Business Economics; Jul 1995 15 On Ordianl Utility, Cardinal Utility ad Random Utility by Richard Batley,Theory and Decision (2008) 64:3763 Relevant Websites Sr. No. (Web adress) (only if relevant to the courses) 16 www.economics-ejournal.org 17 http://www.worldbank.org 18 www.berkeleymath.com/BerkeleyJournal.aspx 19 http://mitworld.mit.edu 20 http://www.economywatch.com/indianeconomy/ 21 http://www.egwald.ca/economics/productionfunctions.php 22 http://economics.fundamentalfinance.com/micro_atc_mc.php 23 http://library.thinkquest.org/C004323/low/micro2.html 24 http://www.jaytownley.com/the-bicycle-industry-competition 25 http://www.amosweb.com/cgi-bin/awb_nav.pl? s=wpd&c=dsp&k=short-run+production+analysis Salient Features Excellent policy papers in economics Global rends in current development Excellent papers from Kellogg School of Management Excellent undergraduate courseware from MIT. An insight into current trends in the Indian economy provides detail regarding the use of cob Douglas production function It explains the concepts of cost and cost analysis Excellent explanation of different market forms Excellent case study on perfect competition Information about short run production analysis
Part 1
Week 1 Lecture 1 Introduction to Managerial Economics : Basic Concepts and Techniques Scope of Managerial Economics and role of business in society ->Reference :1,1 ->Reference :2,1 ->Reference :3,1 ->Reference :1,1 ->Reference :2,1 ->Reference :3,1
Lecture 2
Week 1
Lecture 3
Effects of changes in determinants of demand, Managerial Economics by Thomas and Maurice,9th Edition,p.43 Dabur India Limited: Growing Big and Global, Managerial Economics by Geetika Ghosh,2nd edition,p.64 The Demand for Housing in United States, Microeconomics,7th Edition,Pindyck,Rubinfie ld,Mehta p.121
Lecture 4
Week 2
Lecture 5
Lecture 6
Consumer Surplus
->Reference :1,2 ->Reference :2,4 ->Reference :3,3 ->Reference :1,6 ->Reference :2,5 ->Reference :3,4 Price Elasticites of Demand in the Real World, Managerial Economics by Dominick Salvatore, 6th Edition,, p 91
Lecture 7
Lecture 8
Price Elasticity; Total Outlay method, Degrees of Elasticity Income Elasticity of Demand,Cross Price Elasticity of Demand
->Reference :1,6 ->Reference :2,5 ->Reference :3,4 ->Reference :1,6 ->Reference :2,5 Income Elasticities of Demand in the Real World, Managerial Economics by Dominick Salvatore, 6th Edition,, p 94 Estimation of demand for oranges by market experiment, Managerial Economics by Dominick Salvatore, 6th Edition,, p 128
Week 3
Lecture 9
Lecture 10
Lecture 11
Week 3
Lecture 12
To Fly Fast or Far:Tradeoffs in the Market, Managerial Economics by Thomas and Maurice,9th Edition,p.161
Week 4
Lecture 13
Part 2
Week 4 Lecture 14 Determination of Consumer Equilibrium ->Reference :1,5 ->Reference :2,4 ->Reference :3,4 ->Reference :1,5 ->Reference :3,4 Employing More and better capital boosts productivity in US petroleum and chemical industries, Managerial Economics by Thomas and Maurice,9th Edition,p.284 Implicit Costs and Household decision making, Managerial Economics by Thomas and Maurice,9th Edition,p.286
Lecture 15 Lecture 16
Production and Cost in the short run: Basic concepts ->Reference :1,8 in production function
Week 5
Lecture 17
Lecture 18
->Reference :1,8 ->Reference :2,8 ->Reference :3,8 ->Reference :1,8 ->Reference :2,8 ->Reference :3,8 ->Reference :1,8 ->Reference :1,9 ->Reference :2,7 ->Reference :3,7
Lecture 19
Average and Marginal Costs, Relationship among cost curves Relationship between AVC, SMC, AP and MP. Production and Cost in the Long Run; Production Isoquants
Week 6
Lecture 22
Production and Cost in the Long Run; Production Isoquants Isocost curves, shifts in Isocost Curves,Producers equilibrium Expansion Path, Returns to scale
Lecture 23
->Reference :1,9 ->Reference :2,8 ->Reference :3,8 Managing Economies and Diseconomies of scale, Managerial Economics by Thomas and Maurice,9th Edition,p.327 Economies of scale and scope in banking, Managerial Economics by Thomas and Maurice,9th Edition,p.331
Lecture 24
Long Run Costs;LAC curve and shapes, economies ->Reference :1,9 and diseconomies of scale ->Reference :2,8 ->Reference :3,8
Week 7
Lecture 25
Revenue Curves and their relationships Relationship between MR and Price Elasticity Revision
MID-TERM Part 3
Week 8 Lecture 29 Perfect Competition: characteristics ->Reference :1,11 ->Reference :2,9 ->Reference :3,10 ->Reference :1,11 ->Reference :2,9 ->Reference :3,10 ->Reference :1,11 ->Reference :2,9 ->Reference :1,11 ->Reference :2,9
Lecture 30
Price and output determination in short run: Profit maximization Loss minimization, shut down decision, short run supply curve Long Run Equilibrium
Lecture 31 Lecture 32
Week 9
Lecture 33
Price ceiling-The cases of India post and Indian railways, Managerial Economics by Thomas and Maurice,9th Edition,p.442
Lecture 34
Short run equilibrium; Profit maximization, loss minimization, shut down decision Long Run Equilibrium
->Reference :1,12 ->Reference :2,10 ->Reference :3,12 ->Reference :1,12 ->Reference :2,10 ->Reference :3,12 Is Microsoft a Monopoly? Managerial Economics by Thomas and Maurice,9th Edition,p.428
Lecture 35
Lecture 36
Price Discrimination: Degrees of price discrimination ->Reference :1,14 ->Reference :2,10 ->Reference :4,33 Dumping Monopolistic Competition;Features and short run equilibrium Long run equilibrium ->Reference :4,33 ->Reference :1,12 ->Reference :2,11 ->Reference :3,13 ->Reference :1,12 ->Reference :2,11 ->Reference :3,13
Week 10
Lecture 37 Lecture 38
Lecture 39
Part 4
Week 10 Lecture 40 Oligopoly: Features and prisoner s dilemma (introductory) ->Reference :1,13 ->Reference :2,12 How can game theory be used in business decision making, Managerial Economics by Thomas and Maurice,9th Edition,p.478
Week 11
Kinked demand curve Collusions and cartel(introductory) National Income;Basic concepts Methods of Measuring National Income; Product method Income Method
->Reference :2,12 ->Reference :4,40 ->Reference :4,40 ->Reference :2,18 ->Reference :5,2 ->Reference :2,18 ->Reference :5,2 ->Reference :2,18 ->Reference :5,2 Approved for Spring Session 2011-12
Week 12 6
Lecture 45
Week 12
Expenditure Method Circular flow of income in two sector economy and three sector economy Four sector model Problems in measurement and uses of national income data Introduction to poverty alleviation and inclusive growth. Introduction to poverty alleviation and inclusive growth. Revision
Week 13
Lecture 52
Spill Over
Week 14 Lecture 53 Lecture 54 Reaction curves in oligopoly with numerical problems. National Income Accounting ->Reference :1,13 ->Reference :5,2
Homework 3
Group Presentation
Class will be divided into groups of 4 students each and every group will be given a case study to analyze. Each student is required to submit a separate written report on the case and it should be ensured that there is no copying in the reports. This should be followed by a group presentation.The presentation will be assessed on the clarity and knowledge of the concepts and ability to answer questions during the presentation. Written reports need to be submitted at the time of presentation but PPT should be uploaded on UMS. Students will be required to attempt a test of 45 minutes duration comprising 4 questions. Some of the questions may require diagrams or basic mathematical derivations. Questions will require brief but analytical answers designed to test conceptual understanding and prepare students for the examination.
Homework 2
Individual
9/9
Homework 1
To enhance the conceptual understanding of students and enable them to corerlate theoretical concepts with real life issues.
Students will be given 4 questions requiring highly analytical Individual answers.Some answers may require basic primary research and data collection from secondary sources. Questions will be designed to test the students' ability to understand microeconomic concepts and correlate them with real life economic situations.
4/6
* In ENG courses wherever the total exceeds 100, consider x best out of y components of CA, as explained in teacher's guide available on the UMS
Plan for Tutorial: (Please do not use these time slots for syllabus coverage)
Tutorial No. Lecture Topic Type of pedagogical tool(s) planned (case analysis,problem solving test,role play,business game etc)
Demand Analysis Elasticity of Demand Indifference Curves Short run Production and short run Cost Long Run Production Long Run Cost Revision
Case analysis
After Mid-Term
Tutorial 8 Tutorial 9 Perfect Competition Monopoly Case analysis Case analysis