MANAGERIAL ECONOMICS

Program : BBALLB Semester : 3

Class of : 2014 Classes : 35
MANOJ MISHRA
Objective: The course aims at providing basic theories and tools of analysis and develops an
understanding of the behavior of various economic agents (individuals and firms). The course
also provides an appreciation and application of various microeconomic theories, in different
managerial situations.
Text Book Author/Publication
Managerial Economics 2e Suma Damodaran / Oxford
Reference Books Author/Publication
Managerial Economics Mark Hircshey, 10e/ Thomson
William F.Samuelson, Stephen G. Mark, 5e/
Managerial Economics
John Wiley & Sons.
Managerial Economics Truett + Truett, 8e/ Wiley
Managerial Economics Domnick Salvtore, 4e / Thomsan
Managerial Economics Dr V Panduranga Rao / IBS publication
Paul A Samuelson & William
Economics, 17 e
D Nordhaus / McGraw Hill, 2001
Detailed Curriculum
Demand Estimation and Forecasting: Output: Least Cost Conditions, The
Demand estimation using qualitative Expansion Path.
research technique. Statistical estimation of Competitive and Monopoly Model
demand functions. Forecasting. Forecasting Market Structure Analysis and
Techniques. Estimation: Perfect Competition:
Firm as a Producer. Analysis of Introduction, Assumptions, Short-run and
Production: Long-run Equilibrium of the Competitive firm,
Supply Behavior of a Competitive Firm,
Production Analysis Theory and
Long-run Supply Curve, Efficiency of
Estimation: Introduction, The Production Competitive Markets, Evaluating the Market
Function, Law of Diminishing Returns or Mechanism, Efficiency of Competitive
The Law of Variable Proportions, Relation Markets, Effects of Taxation under Perfect
between Total Product, Average Product and Competition.
Marginal Product, The Three Stages of Monopoly:
Production, Short-run and the Long-run. Imperfect Competition, The Herfindahls
Returns to Scale, Technological Change, Index, Concentration Ratio, Source of Market
Isoquant, The Law of Diminishing Marginal Imperfections-Costs and Market
Product, The Economic Region of Imperfections, Monopoly-Basic Concepts, A
Production, Equal Cost Lines, Choices of few Properties of Equilibrium under
Input Combinations- Maximization of Monopoly, Absence of Supply Curve under
Output subject to the Cost Constraint, Monopoly, Effect of a shift in the Demand on
Monopoly, Effect of shift in Cost, Imposition
Minimization of Cost for a Given Level of
of Tax under Monopoly, Measures of
Monopoly Power, Comparison between Cournots Model of Duopoly. Other
Monopoly and Perfect Competition, Price Oligopoly Models, The Kinked Demand
Discrimination, Equilibrium of a Curve, Collusive Oligopoly, Cartels,
Discriminating Monopolist. Types of Price Cartels aiming at Joint Profit Maximization,
Discrimination, Price Discrimination and the Market Sharing Cartels, Price Leadership.
Existence of the Industry, Monoposony,
The Theory of Games, The Pay-off Matrix,
Bilateral Monopoly.
Dominant Strategies and Nash Equilibrium,
Imperfect Competition: Dominated Strategies, Maximin and
Monopolistic Competition: Product Minimax Strategies, Maximin -Minimax
Differentiation, Equilibrium, Advertising Combination and the equilibrium.
and Product Development in Fiscal and Monetary Exchange Rate
Monopolistically Competitive Markets. Policies:
Oligopoly: Introduction, Indeterminateness Business cycle. Fiscal Policy. Monetary
of Equilibrium Price and Output under Policy. Exchange Rage Policy.
Oligopoly, Non- collusive Oligopoly,
 Schedule of Sessions
Topics Sessions
Surprise
Demand Estimation and Forecasting 7
Firm as a Producer 4

Pre-Mid Sem
Production Analysis 4
The relation between Production and Cost 5
Perfect Competition 3
Post-Mid Sem
Monopoly 3
Monopolistic Competition 3
Oligopoly 4
Fiscal and Monetary Exchange Rate Policies: 2

Total 35