Nature and Scope of Managerial Economics in relation with other disciplines – Role and Responsibilities of Managerial Economist – Goals of Corporate Enterprises: Maximization of profit - Value of enterprise.

Demand analysis - Demand determinants – Demand distinctions – Elasticity of demand – Types, Supply meaning & determinants - Demand Forecasting

Cost and Production analysis - Cost Concepts – Cost and Output Relationship - Cost Control – Short Run and Long Run - Cost functions - Production functions Cobb Douglas function – Break-even analysis - Economies Scale of Production.

Pricing and Output decisions in different market situations – Monopoly and Duopoly Competition - Perfect and Imperfect - Pricing policies.

National Income - Savings, Consumption. Investment - Business cycle - Inflation & Deflation - Balance of payment - Their implications in managerial decision.