Subject Details
Dept     : AUTO
Sem      : 6
Regul    : 2019
Faculty : Mr.C.Asokan
phone  : 8300378395
E-mail  : asokan.c.auto@snsct.org
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Lecture Notes

UNIT 1:
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Basic terms and concepts
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Definition of economics
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Nature and scope of economic science
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Nature and scope of managerial economic
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Law of diminishing marginal utility
UNIT 2:
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Demand ,demand schedule
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Elasticity of demand ,types of elasticity
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Factors determining elasticity
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Demand ,demand schedule
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Monopolistic competition
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Demand curve , law of demand
UNIT 3:
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Forms of business
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Joint stock company
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Proprietorship , partnership
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Cooperative organization , state enterprise
UNIT 4:
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Types of financing
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Assistance from government budgeting support
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Funds flow statement
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Short term borrowing
UNIT 5:
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Managerial uses of break-even analysis.
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Types of costing , traditional costing approach
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Break even analysis , basic assumptions , break even chart
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Managerial uses of break-even analysis.
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Appraising project profitability
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Activity base costing , Fixed Cost variable cost , marginal cost
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Cost output relationship in the short run and in long run pricing practice
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Full cost pricing , marginal cost pricing
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Full cost pricing , marginal cost pricing
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Going rate pricing , bid pricing , pricing for a rate of return
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Break even analysis , basic assumptions , break even chart