Coming soon
25ATG/BSG/FSG123
This course will enable the students to acquaint students with the concepts and theories of microeconomics, and develop their understanding of market structures for making price and output decisions.
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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25FSG123 |
Micro Economic Analysis (Theory) |
CO13 Analyze the Concept ofUtility andConsumerequilibrium CO14 Evaluate the concept of demand toidentifythechangesinmarketdemand. CO15 Examine optimumcostandproduction functionforabusiness CO16 Examinethevariousmarketconditionstotakedecisiononoptimumprofit,price andoutputfora firm. CO17 Integrate the concept andtheoriesofproductioninterest andprofit. CO18 Contribute effectively in course-specific interaction
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Approach in teaching:
Interactive Lectures, Discussion, Case Studies
Learning activities for the students:
Field activities, Presentation, Debates, Role-Playing |
Classtest,Semesterendexaminations, Quiz, SolvingNumericalproblemsintutorials,Assignments,ClassPresentation |
• MicroEconomic Fundamentals:MeaningandDefinition,scopeofmicroeconomicsDifferenceandInterDependenceofMicroandMacroEconomics.
• Roleofmicroandmacroeconomicsintheformulation ofbusinesspolicy
• UtilityApproach-conceptofutility,LawofDiminishingmarginalutility,LawofEquiMarginalUtility
• IndifferenceCurve Approach:concept, properties ofindifferencecurve,consumer equilibrium,priceeffect,incomeandsubstitutioneffect
• Demandanalysis:-Lawofdemand,elasticityofdemand,degreeofelasticity,methodsof measuringelasticity
• CostAnalysis:typesofcost ,shortrunand longruncostcurves
• Revenue:Conceptandtypes
• LawofProduction-MeaningofProduction,LawofVariableProportions,Returnstoscale,Isoquants:Propertiesofisoquants,isoquantsandreturntoscale
• Market:Meaning,CharacteristicsofMarket.
• PriceandOutputdeterminationunder:PerfectCompetition,imperfectcompetition,Monopoly,DiscriminatingMonopoly,Oligopoly(Kinkeddemandcurve)
• DuopolyandMonopsony-Definitionandfeatures
•Marginalproductivitytheoryofdistribution:Concept,pricedeterminationinperfect&imperfectmarket Interest: Typesofinterest,Keynesiantheoryofinterestandmoderntheoryofinterest
• Profit:conceptofprofit,uncertaintytheoryofprofit,moderntheoryofprofit
1. Somdeo,BusinessEconomics,RBD,Jaipur
2. Mathur,N.D,BusinessEconomics,ShivamPublication,Jaipur
3. Baumol,WJ.EconomicTheoryandOperationsAnalysis.3rded,NewDelhi,PrenticeHall1996
4. D.MMithani,ManagerialEconomics,HimayalaPublishingHouse
5. DwivediD.N,ManagerialEconomics,VikasPublications, Delhi.
6. Jain,Khanna,Tiwari,ModernBusinessEconomics,VKpublications
Suggested Readings:
1. Koutsoyiannis,ModernEconomics,NewYork,Macmillan,1991
2. Dornbusch,R.andS.,Fischer.MacroEconomics.PublisherTataMcGrawHill
3. Mankiw,N.Gregory.MacroEconomics.Macmillan.
4. Oliver,Blanchard.MacroEconomics,PearsonEducation,LPE.
5. Damodaran,Suma,ManagerialEconomics,,Oxforduniversitypress
6. ManagerialEconomics:AproblemSolvingapproach,Cengagelearning
E- Resources:
1. Managerial economics:William F. Samulson, Stephen G. marks
2. UG pathshala:https://epgp.inflibnet.ac.in/Home/ViewSubject?catid=0YyNXHI8GPO8SUQIuYNt...
3. NPTELVideo:https://youtu.be/vLPpF0hunwc
4. EPWRFIndiaTimeSeries,www.epwrfits.in
5. https://www.economicsonline.co.uk/
6. https://www.publicationsdivision.nic.in/journals/
7. EconomicandPoliticalWeekly,www.epw.in
8. StudiesinMicroeconomics,SageJournalPublication
9. MicroeconomicsandMacroeconomics,ScientificandAcademicPublishing
10. Economics,DeGruyterOpenAccess
11. InternationalJournalofEconomicsandBusinessResearch,IndersciencePublishers
