Managerial Economics is the complimentary course of first-semester B.com/ BBA. The course contain 4 credit. The Exam point will provide all the important portions, questions, previous year questions of Calicut university etc..
The objective of the Managerial Economics course is to acquaint students with the basic principles of micro and macroeconomics for developing the understanding of the theory of the firm, markets, and the macro environment, which would help them in managerial decision-making processes.
The Managerial economics exam point syllabus:-
Module I
Managerial Economics:- – Definition and characteristics – Nature and Scope – Economics Vs Managerial Economics – Decision making and forward planning – Relationship of managerial economics with other disciplines – Basic economic tools in management economics – The
role of a managerial economist.
Module II
Theory of consumer behaviour: – Cardinal analysis – Law of diminishing marginal utility –consumer surplus; Ordinal approach – indifference curve analysis – consumer equilibrium –income consumption curve and price consumption curve – Hicksian decomposition of price effect in to substitution effect and income effect – Demand curve for normal, inferior and giften goods – concept of elasticity of demand – measurement of various elasticities –
Elasticity of supply.
Module III
Market structure:-Perfect competition, Monopoly, Monopolistic competition, Oligopoly.
Module IV
An overview of Indian economy – Indian economy since 1991 – Basic characteristics of Indian economy – Factors that led to the opening up of Indian economy – Indian economy under WTO regime – Issues in Indian economy: Problems of growth, unemployment, poverty, inequality in income distribution, inflation – The role of parallel economy – The role of Government in a market economy.
Module V
Structure and direction of India‘s foreign trade and India‘s trade regulation and promotion -Exchange rate policy – Intellectual Property Rights – Foreign capital and MNCs in India, Trade reforms – An overview of Kerala economy – Trade and commerce in Kerala – Industrial development of the state – the role of small scale industries in Kerala economy.
Highlight :-
- Chapter wise and topic wise presentation.
- Previous year questions
- Model question paper