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Nptel: Managerial Economics - Video Course

This document outlines the syllabus for a video course on managerial economics. The course is divided into 6 modules that cover fundamental economic concepts like supply and demand, costs of production, market structures and the role of government. Module 1 introduces goals, profits, incentives and basic calculus concepts. Module 2 covers demand, supply, equilibrium and elasticities. Module 3 examines consumer choice theory and indifference curves. Module 4 analyzes production, costs and optimal input usage. Module 5 discusses perfect competition, monopoly and oligopoly. Module 6 looks at asymmetric information and the government's role in markets. The course totals 40 hours and addresses topics like demand analysis, production, costs, market structures and the economics of information.

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143 views3 pages

Nptel: Managerial Economics - Video Course

This document outlines the syllabus for a video course on managerial economics. The course is divided into 6 modules that cover fundamental economic concepts like supply and demand, costs of production, market structures and the role of government. Module 1 introduces goals, profits, incentives and basic calculus concepts. Module 2 covers demand, supply, equilibrium and elasticities. Module 3 examines consumer choice theory and indifference curves. Module 4 analyzes production, costs and optimal input usage. Module 5 discusses perfect competition, monopoly and oligopoly. Module 6 looks at asymmetric information and the government's role in markets. The course totals 40 hours and addresses topics like demand analysis, production, costs, market structures and the economics of information.

Uploaded by

Amanda Adams
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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NPTEL Syllabus

Managerial Economics - Video course


COURSE OUTLINE Module 1: The Fundamentals of Managerial Economics. Goals and Constraints. The Nature and Importance of Profits. Understanding Incentives. Understanding Markets. Time and Value of Money. Marginal Analysis. Basic Calculus: The Calculus of Optimization. Module 2:Demand and Supply. Demand. Supply. Producer Supply. Market Equilibrium. Price Ceilings and Price Floors. Comparative Statics: Changes in Demand and Supply. Price Elasticity of Demand. Price Elasticity, Total Revenue, and Marginal Revenue. Factors Affecting Price Elasticity. Cross Price Elasticity. Income Elasticity of Demand. Other Elasticities ,Elasticities for Nonlinear Demand Functions. Module 3: Theory of Consumer Behaviour. Coordinators: Dr. Trupti Mishra Shailesh J. Mehta School of ManagementIIT Bombay

NPTEL
http://nptel.iitm.ac.in

Management

Choice and Utility Theory. Law of Diminishing marginal utility. Consumer Equilibrium. Indifference curve Analysis. Consumer Surplus. Price effect, Substitution Effect and Income Effect. Module 4:Costs of Production and the Organization of the Firm. The Production Function. Profit-Maximizing Input Usage. Isoquants and Isocosts. Cost Minimization and Optimal Input Substitution. The Cost Function. Long-run Costs and Economies of Scale. Multiple Cost Functions and Economies of Scope. Methods of Procuring Procurement. Inputs and Optimal Input

Managerial Compensation and the Principal-Agent Problem. Module 5: Decisions. Market Structure: Pricing and Output

The Nature of Industry. Perfect Competition. Monopoly. Monopolistic Competition. Oligopoly. Module 6: The Economics of Information and the Role of Government in the Marketplace Asymmetric Information. Auctions. The Role of Government in the Marketplace. COURSE DETAIL

S.No

Topics

No.of Hours

Nature and Scope of Managerial Economics.

Demand analysis.

Theory of Consumer Behaviour.

Demand Estimation and Forecasting.

Production analysis.

Cost Analysis.

Perfect Competition.

Monopoly.

Monopolistic Competition.

10

Oligopoly.

11

The Economics of Information and the Role of Government in the Marketplace.

References: 1. Managerial Economics: Concept and Applications by Thomas and Maurice, 8th edition, McGraw- Hill. 2. Managerial Economics by Mark Hirschey, 10th edition, Thompson. 3. Managerial Economics by Atmanand, Excel Publication.
A joint venture by IISc and IITs, funded by MHRD, Govt of India http://nptel.iitm.ac.in

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