UNIT 1:
Definition of economics – nature and scope ofeconomic science
Nature and scope of managerial economics- basicterms and concepts - goods - utility – value –wealth
Factors of production – land – its peculiarities – labor
Economies of large and small scale – consumption– wants.
Its characteristics and classification
Law of diminishing marginal utility
Relation between economic decision and technical decision.
Relation between economic decision and technical decision.
UNIT 2:
Demand – demand schedule curve
Law of demand –elasticity of demand – types ofelasticity
Factors Determining Elasticity-Measurement – its significance
Supply – supply schedule –supply curve
Law of supply – elasticity of supply
Time element in the determination of value
Market price and normal price
Perfect competition – monopoly – monopolisticcompetition
Content beyond the syllabus – Inventory control with limited capacity and advanced demand.
UNIT 3:
Proprietorship, partnership
Proprietorship, partnership
Joint stock company – cooperative organization –state enterprise.
Mixed economy, Money and banking – banking – kinds.
Commercial banks – central banking functions, Control of credit
Monetary policy – credit instrument
Content beyond the syllabus- graphic organizers
UNIT 4:
Short term borrowing – Long term borrowing
Internal generation of funds – External commercialborrowing
Assistance from government budgeting support
Assistance frominternational financecorporations
Analysis of financial statement
Content beyond the syllabus- A case study on financial flow in automobile industries.
