UNIT 1:
Nature and scope of economic science
Nature and scope of managerial economic
Law of diminishing marginal utility
UNIT 2:
Elasticity of demand ,types of elasticity
Factors determining elasticity
Demand curve , law of demand
UNIT 3:
Proprietorship , partnership
Cooperative organization , state enterprise
UNIT 4:
Assistance from government budgeting support
UNIT 5:
Managerial uses of break-even analysis.
Types of costing , traditional costing approach
Break even analysis , basic assumptions , break even chart
Managerial uses of break-even analysis.
Appraising project profitability
Activity base costing , Fixed Cost variable cost , marginal cost
Cost output relationship in the short run and in long run pricing practice
Full cost pricing , marginal cost pricing
Full cost pricing , marginal cost pricing
Going rate pricing , bid pricing , pricing for a rate of return
Break even analysis , basic assumptions , break even chart