MANAGERIAL ECONOMICS (4 Credits)

Learning Outcomes:

On successful completion of this Course, students will be able to: Explain the problem of Nature and Scope of Managerial Economics, Economic Optimization, and also Demand- Supply; Calculate the elements of the problem Demand Analysis and it’s Estimation, Production and Cost Analysis, Performance and Strategy in Perfect market and imperfect competition market; Analyze the problem of Forecasting and Case study of forecasting in real life, Compensation Policy, Linear Programming, Game Theory, Pricing Practices , Risk Analysis, Capital Budgeting, Organization Structure; Estimate the problem of Corporate Governance and Government in the Market Economy.

Topics:

1. Nature and Scope of Managerial Economics And Project 1 (Case Study);
2. Economic Optimization;
3. Demand and Supply;
4. Demand Analysis;
5. Demand Estimation;
6. Forecasting and Case study of forecasting in real life;
7. Production Analysis;
8. Compensation Policy;
9. Cost Analysis and Estimation;
10. Linear Programming;
11. Competitive Markets;
12. Performance and Strategy in Competitive Markets;
13. Perfect Market: Monopoly;
14. Imperfect Competition Monopsony;
15. Monopolistic as imperfect competition;
16. Oligopoly Competition as imperfect market and project 2 (Problem Solving at Company);
17. Game Theory;
18. Game Theory and Competitive Strategy;
19. Pricing Practices;
20. Case study of pricing practices;
21. Risk Analysis;
22. Capital Budgeting;
23. Organization Structure;
24. Corporate Governance;
25. Externalities in the Market Economy;
26. Optimal Allocation of Social Resources by Government in the Market Economy.