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Subject Title: Managerial Economics
Prepared by: D.Rajitha
Year: | Semester: II
Updated on: 23-3-
Unit - I: Nature and scope of Managerial Economics
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- Define the term Managerial Economics
- Explain various branches of Economics
- Explain nature and scope of Managerial Economics.
- Distinguish between Normative and Positive science.
- Explain importance/significance of Managerial Economics in decision making
- Discuss role and responsibilities of managerial economist
- Explain various Economic Principles
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Unit - II: Demand Forecasting
- Define the term demand forecasting.
- Discuss features and objectives of demand forecasting
- Discuss essentials of a good demand forecasting.
- Explain significance of demand forecasting.
- Discuss various techniques/methods of demand forecasting.
- Computation of trend value by least square method (Problems).
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Unit - III: Market Analysis
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- Explain the classification of Markets.
- Explain the Price determination of a firm under perfect competition in short run.
- Explain the Price determination of a firm under perfect competition in long run
- Explain equilibrium of a firm under Monopoly in short run and in long run.
- Explain equilibrium of a firm under Monopolistic competition in short run and in long run.
- What is meant by price discrimination, how an equilibrium is determined?
- Explain the meaning of price leadership and what are the various type of price leadership?
- What is meant by Oligopoly
- What is meant by Duopoly
- Explain Kinked Demand curve
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Unit - IV: Macro Economics for Managers
- Define National Income. Explain the concepts of national income.
- Discuss the methods to estimate national income.
- Discuss measurement problems in national income
- Explain various features of business cycles
- Explain various causes and consequences of business cycles
- Define the term inflation. Explain causes and control of inflation.
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Unit - V : Fiscal and Monetary Policy
- What is fiscal policy? What are the objectives of fiscal policy?
- What is monetary policy? What are the objectives of monetary policy?
- How many types of deficits are there?
- What are the objectives and main features of FRBM Act?
- What is a Finance Commission? Explain its role and functions
- Explain the differences between SLR and CRR
- What are Repo and Reverse Repo rates?
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