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Managerial economics detailed syllabus

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  • 1. SIVA SIVANI INSTITUTE OF MANAGEMENTCOURSE CODE : 112 BATCH : XVICREDITS : 6 MANAGERIAL ECONOMICS TERM : I________________________________________________________________OBJECTIVE: To familiarize the students with the concepts & analytical tools of Managerial Economics useful for students of Management.SYLLABUSSESSION DATE TOPIC REMARKSNO1 INTRODUCTION TO ECONOMICS & LECTURE MANAGERIAL ECONOMICS Ref: Salvatore pp. 3-25, Gupta pp. 1-16.2. MEANING, SCOPE AND NATURE OF LECTURE ME Ref: Salvatore pp. 3-25, Gupta pp. 1-16.3. THEORY OF THE FIRM & LECTURE AND OBJECTIVES OF A FIRM CLASS ROOM Ref: Salvatore pp. 3-25, Gupta pp. 1-16 EXERCISES / CASES4. FUNDAMENTAL CONCEPTS– Opportunity Cost Principle, Equi LECTURE AND Marginal Principle, Ref: Salvatore pp. CLASS ROOM 3-25, Gupta pp. 1-16. EXERCISES5. Marginal & Incremental Principle, LECTURE AND Discounting Principle & CLASS ROOM Economic and Accounting Principle. EXERCISES Ref: Salvatore pp. 3-25, Gupta pp. 1-16.6. REVISION EXERCISES
  • 2. 7. LAW OF DEMAND, DEMAND LECTURE AND FUNCTION & DEMAND CURVES CLASS ROOM Ref: Salvatore pp. 71-213, Gupta pp. EXERCISES / 17-79, Hirschey Mark & Pappas James L CASES pp.141-148, Dean Joel pp.139-246.8. TYPES OF DEMAND LECTURE AND Ref: Salvatore pp. 71-213, Gupta pp. CLASS ROOM 17-79, Hirschey Mark & Pappas James L EXERCISES / pp.141-148, Dean Joel pp.139-246. CASES9. ELASTICITY OF DEMAND LECTURE AND Ref: Salvatore pp. 71-213, Gupta pp. CLASS ROOM 17-79, Hirschey Mark & Pappas James L EXERCISES / pp.141-148, Dean Joel pp.139-246. CASES10. DEMAND FORECASTING LECTURE AND TECHNIQUES CLASS ROOM Ref: Salvatore pp. 71-213, Gupta pp. EXERCISES / 17-79, Hirschey Mark & Pappas James L CASES pp.141-148, Dean Joel pp.139-246.11. LAW OF SUPPLY & ELASTICITY OF LECTURE AND SUPPLY CLASS ROOM Ref: Salvatore pp. 71-213, Gupta pp. EXERCISES / 17-79, Hirschey Mark & Pappas James L CASES pp.141-148, Dean Joel pp.139-246.12. REVISION13. THEORY OF PRODUCTION & LECTURE PRODUCTION FUNCTION Ref: Salvatore pp. 218- 270, Gupta pp. 80-107, Hirschey Mark & Pappas James L pp.313-376.
  • 3. 14. SHORT RUN PRODUCTION LECTURE FUNCTION Ref: Salvatore pp. 218- 270, Gupta pp. 80-107, Hirschey Mark & Pappas James L pp.313-376.15. LONG RUN PRODUCTION LECTURE FUNCTION (ECONOMIES AND DISECONOMIES OF SCALE AND SCOPE) Ref: Salvatore pp. 218- 270, Gupta pp. 80-107, Hirschey Mark & Pappas James L pp.313-376.16. ISOQUANTS & LEAST COST LECTURE COMBINATION Ref: Salvatore pp. 218- 270, Gupta pp. 80-107, Hirschey Mark & Pappas James L pp.313-376.17. ISOQUANTS & LEAST COST LECTURE COMBINATION Ref: Salvatore pp. 218- 270, Gupta pp. 80-107, Hirschey Mark & Pappas James L pp.313-376.18. REVISION19. COST-OUTPUT RELATIONSHIPS LECTURE Ref: Salvatore pp. 271-318, Gupta pp. 80-147, Hirschey Mark & Pappas James L pp.377-432, Dean Joel pp.247-348.20. COST & REVENUE CONCEPTS – LECTURE FIXED, VARIABLE AND UNIT COSTS Ref: Salvatore pp. 271-318, Gupta pp.
  • 4. 80-147, Hirschey Mark & Pappas James L pp.377-432, Dean Joel pp.247-348.21. COST CURVES LECTURE Ref: Salvatore pp. 271-318, Gupta pp. 80-147, Hirschey Mark & Pappas James L pp.377-432, Dean Joel pp.247-348.22. DECISION MAKING COSTS LECTURE Ref: Salvatore pp. 271-318, Gupta pp. 80-147, Hirschey Mark & Pappas James L pp.377-432, Dean Joel pp.247-348.23. LECTURE BREAK EVEN ANALYSIS Ref: Salvatore pp. 271-318, Gupta pp. 80-147, Hirschey Mark & Pappas James L pp.377-432, Dean Joel pp.247-348.24. REVISION25. MARKET & DIFFERENT TYPES OF LECTURE MARKET Ref: Salvatore pp. 364 - 450, Gupta pp. 147-166, Hirschey Mark & Pappas James L pp.494-666.26. PERFECT MARKET LECTURE Ref: Salvatore pp. 364 - 450, Gupta pp. 147-166, Hirschey Mark & Pappas James L pp.494-666.27. MONOPOLY LECTURE Ref: Salvatore pp. 364 - 450, Gupta pp. 147-166, Hirschey Mark & Pappas James L pp.494-666.
  • 5. 28. MONOPOLISTIC MARKET LECTURE Ref: Salvatore pp. 364 - 450, Gupta pp. 147-166, Hirschey Mark & Pappas James L pp.494-666.29. OLIGOPOLY LECTURE Ref: Salvatore pp. 364 - 450, Gupta pp. 147-166, Hirschey Mark & Pappas James L pp.494-666.30. REVISION31. REVISION32. REVISIONBASIC TEXT:Gupta GS, 2006, Managerial Economics, Tata Mc Graw-Hill Publishing Co. Ltd., New Delhi, pp.271.RECOMMENDED READINGS:Salvatore Dominick, 1993, Managerial Economics in a Global Economy, Mc Graw-Hill International Editions, New York, pp.722.Hirschey Mark & Pappas James L, 1995, Fundamentals of Managerial Economics, The Dryden Press, Harcourt Brace College Publishers, Orlando, USA, pp.953.Dean Joel, 1992, Managerial Economics, Prentice Hall – of India Pvt. Ltd., New Delhi pp.621.