Business Economics

MBA – I
DBA – 421

1. FUNDAMENTAL CONCEPTS:

1. Three Economic Issues
2. The Production possibility Frontier
3. Concept of Opportunity cost
4. The problem of Scarcity
5. Positive and Normative Economics
6. Micro and Macro Economics
7. Comparative Statics and Dynamics
8. The Role of the Market

2. ECONOMICS AND ECONOMY:

1. The Nature and Scope of Economics
2. Importance of the Study of Economics
3. Different  Economic Systems, Merits and Demerits
   1. Capitalist Economic System
   2. Socialist Economic System
   3. Mixed Economic System

3. DEMAND AND SUPPLY:

1. Individual Demand and Market Demand
2. Change in Demand and Change in Quantity Demand
3. Individual Supply and Market Supply
4. Change to Supply and Change in Quantity Supplied
5. Elastic of Demand and Supply
6. Measurement of Elasticity
7. Types of Elasticity and the importance of Elasticity to the Individual
8. Equilibrium of Demand and Supply and Price Determination

4. THEORY OF CONSUMER BEHAVIOUR:

1. Total and Marginal Utility
2. Consumer Equilibrium
3. Indifference Curve Analysis, Its Characteristics
4. Budget Constraint Line
5. The Iso cost
6. Producer Equilibrium
7. Expansion Path
8. Constant, Increasing and Decreasing Returns to Scale
9. Long – Run Cost Curves

5. THEORY OF FIRM AND MARKET ORGANITION:

1. Theory of Price in Perfect Competitive Markets
2. Theory of Price under Monopoly
3. Comparison of Perfect Competition and Monopoly
4. Theory of Price under Monopolistic Competition
5. Theory of Price in Oligopoly Market

6. DISTRIBUTION OF INCOME:

1. Marginal Productivity Theory of Distribution in Perfectly                   Competitively market
2. Marginal productivity Theory of input Return
3. Different Kinds of Rent

Books Recommended:

1. Paul A. Samuelson, William D. Nordhaus,  “Economics”, McGraw-Hill, 16th  Edition. 1998
2. John Sloman & Mark Sutcliffe, “Economics for Business”, Prentice Hall, 1998
3. Ronald Wonnacott, Paul Wonnacott, “Economics”, John Willey, 1990