FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS
MANAGERIAL ECONOMICS Unit-IIntroductionIntroduction to Managerial Economics, Evolution, Nature, Scope and Significance, Circular Flow in an Economy, Principles, Production Possibility Frontier, Managerial Economics – Micro and Macro Economics. Unit-IIMarket Forces – Demand and Supply1) Demand Analysis: Theory of Demand; Objectives of Demand Analysis and Determinants of Demand; Theory of Consumer Behaviour; Elasticity of Demand and its Measurement Methods; Importance in Decision-making.2) Supply Analysis: Objective of Supply Analysis; Determinants of Supply, Elasticity of Supply. Unit-IIIProduction Function and Cost AnalysisTheory of Production and Cost Analysis; Production Functions and its Managerial Uses; Cobb-Douglas Production Function, Laws of Production and Analysis – Empirical Estimates of Production and Cost; Short-run and Long-run Average Cost Curves and their Analysis; Economies and Diseconomies of Scale. Unit-IVOrganisation of the FirmPricing Decision: Pricing under Different Market Structures – Perfect and Imperfect (Monopoly, Duopoly, Monopolistic Competition, Oligopoly Markets), Pricing Policies and Strategies; Collusive and Non-collusive Oligopoly; Baumol’s Marries’ and O. Williamsons Model. Unit-VFactor PricingDetermination of Factor Pricing; Marginal Productivity Theory; Richardian and Modern Theories of Rent; Modern Theory of Wage Rate Determination; Classical, Neo-classical and Keynesian Theory of Interest; Modern Theory of Profit; Welfare Economics; Pareto Optimality Conditions; Social Welfare Function.
