Meaning and Definition – Nature and Scope – importance and significance of the study of Economics – Economics - art or Science - Economic Theory –Divisions – Social responsibility of a Business Firm - Goals of a firm
Demand Analysis – Meaning, Determinants of Demand – Law of Demand, Elasticity of Demand – Price, Income and Cross Demand – Demand Estimation and Demand Forecasting – Demand Distinctions Supply Analysis – Concept of Supply: Supply Schedule & Supply Curve; Market Supply Curve; Law of Supply
Markets – Forms of Market – Characteristics – Pricing Methods – Objects of pricing policies – Price under Perfect Competition, Monopoly, Monopolistic competition, Oligopoly.
Business finance- introduction- meaning-concepts-scope – function of finance-traditional and modern concepts –contents of modern finance functions.
Sources and forms of finance, equity share, preference share, bonds, debentures and fixed deposits – features, advantages and disadvantages- lease financing- meaning- features forms- merits and demerits
Reference Book:
1. Managerial Economics, R.L.Varshney and K.L.Maheshwari, Sulthan Chand and Sons. 2. Managerial Economics, Alak Gosh and Biswanath Gosh, Kalyani Publications. 3. Managerial Economics, D.Gopalakrishna, Himalaya Publishing House. 4. Business Economics, T.Aryamala, Vijay Nicole Publications, Chennai.
Text Book:
1. Managerial Economics, Dr. S.Sankaran, Margham Publications,5th revised edition 2006,reprint 2015. 2. Essentials of Business Finance, R.M.Sri Vastsava, Himalaya publishing house, New Delhi,8th edition 2016.