Subject Details
Dept     : EEE
Sem      : 5
Regul    : R2019
Faculty : Christyjuliet B
phone  : NIL
E-mail  : christyjuliet.b.eee@snsct.org
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Lecture Notes

UNIT 1:
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Wants - its characteristics and classification
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Definition of economics - nature and scope of Economics
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Nature and scope of managerial economics - basic terms and concepts - goods - utility - value - wealth
UNIT 2:
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Demand - demand schedule - demand curve
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law of demand - elasticity of demand - types of elasticity
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Supply – supply schedule - supply curve
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Perfect competition - monopoly – monopolistic competition
UNIT 3:
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Forms of business
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Commercial banks - central banking functions
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Control of credit - monetary policy - credit instrument
UNIT 4:
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Types of financing
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Assistance from government budgeting support
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Profit and Loss account
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Funds flow statement
UNIT 5:
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Fixed Cost variable cost – marginal cost
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Types of costing – traditional costing approach - activity base costing

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