Economics for Management / Misra.

MODULE 1: INTRODUCTION

1. Introduction to business economics- basic concepts;
2. Theory of demand- The theory of consumer behavior;
3. The market demand;

MODULE 2: THEORY OF PRODUCTIVITY AND COST

4. Production function and the law of variable proportions;
5. Returns to scale and optimal combination of factors;
6. Theory of costs;

MODULE 3: THEORY OF FIRM

7. Perfect competition;
8. Monopoly;
9. Monopolistic competition;
10. Oligopoly- Non-collusive and collusive;
11. The neoclassical theory of the firm: The marginalist controversy;
12 Average-cost pricing;
13. Theory of limit pricing;
14. Managerial theories of the firm;
15. Behavioral theories of the firm;

MODULE 4: MACROECONOMICS ANALYSIS

16. Macroeconomics concept and national income accounting;
17. Equilibrium income and output;
18. Theory of multiplier;
19. IS-LM analysis;
20. Monetary and Fiscal policy in IS-LM framework and supply side economics;
21. Unemployment;
22. Theory of inflation;

MODULE 5: INDIAN ECONOMY

23. Indian economy characteristic , features and changing scenario;
24. Agricultural sector in Indian economy;
25. The industrial sector;
26. The foreign trade sector;
27. Structural adjustments since 1991;