D Y Patil International University, Akurdi, Pune

Name of the Course: Managerial Economics

 

• Course Instructor:

Name: CA Sagar Patil

Office Number: 9225631657

Phone:9225631657

Email: ca.sagardpatil@gmail.com      

Office hours: 10.00 am to 5.30 pm 

Location: Nigdi, Pune

 

• Teaching Assistant:

Name:

Contact:

Office Hours: Time slots

Location

 

• Level (who can take this course?): Beginner
• Credit: 3-0-3-4.5
• Evaluation: Viva, Presentations, MCQ Exam
• Breakup of evaluation: % wise – 35-35-30
• Maximum Number of Students: 120

 

Course Objectives: Business Economics, also called Managerial Economics, is the application of economic theory and methodology to business. Business involves decision-making. Decision making means the process of selecting one out of two or more alternative courses of action. The question of choice arises because the basic resources such as capital, land, labor and management are limited and can be employed in alternative uses. The decision-making function thus becomes one of making choice and taking decisions that will provide the most efficient means of attaining a desired end, say, profit maximization.

 

 

Prerequisites: None

 

 

Course Syllabus:

 

1.      Foundations of Managerial Economics

2.      Production Functions

3.      Market Structure

4.      National Income

5.      Macro-economic environment

 

 

Lesson Plan:

 

Sr. No	Content (Daily Plan)	Date (Proposed)
1	General foundations of managerial economics	16/8/23
2	Micro and macro economics	16/8/23
3	Circular flow of activity	17/8/23
4	Nature of the firm	18/8/23
5	Objectives of firms	23/8/23
6	Demand Analysis and Estimation	23/8/23
7	Determinants of Demand	24/8/23
8	Elasticity of Demand	25/8/23
9	Demand Forecasting	30/8/23
10	Law of Variable Proportions	30/8/23
11	Theory of the Firm	31/8/23
12	Production Functions in Short Run and Long Run	01/9/23
13	Determinants of Cost	06/9/23
14	Cost Forecasting – Short run and long run	06/9/23
15	Types of Costs	07/9/23
16	Analysis of Risk and Uncertainty	08/9/23
17	Introduction to National Income	13/9/23
18	National Income Concepts	13/9/23
19	Models of National Income Determination	14/9/23
20	Economic Indicators	15/9/23
21	Technology and Employment	20/9/23
22	Phases of Business Cycles	20/9/23
23	Management of Cyclical Fluctuations	21/9/23
24	Fiscal and Monetary Policies	22/9/23
25	Student Presentations and Continuous Assessment	27/9/23
26	Student Presentations and Continuous Assessment	27/9/23
27	Perfect Competition	29/9/23
28	Monopoly	04/10/23
29	Oligopoly and Duopoly	04/10/23
30	Monopolistic Competition	05/10/23
31	Pricing and employment of inputs under different market structures	06/10/23
32	Price Discrimination	11/10/23
33	Economic Transition in India	11/10/23
34	Liberalization, Privatization and Globalization	12/10/23
35	Business and Government	13/10/23
36	Public Private Partnership and Industrial Finance	18/10/23
37	Foreign Direct Investment	18/10/23
38	Viva and continuous assessment	19/10/23
39	Viva and continuous assessment	20/10/23
40	Viva and continuous assessment	25/10/23
41	Viva and continuous assessment
42	Viva and continuous assessment
43	Viva and continuous assessment

 

 

 

 

Laboratory

 

Sr. No	Content	Date

 

 

Course Outcome: Understanding foundations of Managerial Economics, Understanding Production Functions, Studying Market Structure, Studying National Income, Economic Indicators and Business Cycles, Studying macro-economic environment and its relevance to business

• Text Book: Yogesh Maheshwari, Managerial Economics – Phi Learning, New Delhi

• Reference Book: Managerial Economics by D.M. Mithani

• Study Materials: Journal of International Business and Economics