KMBN 102 Managerial Economics, AKTU MBA Semester 1

Welcome to the dedicated web page for the AKTU MBA Semester 1, course on Managerial Economics (KMBN 102). This course is meticulously designed to provide students with a comprehensive understanding of the principles, theories, and tools of economics as they apply to managerial decision-making in business contexts.

AKTU MBA

Semester  1

Managerial Economics

KMBN 102

KMBN 102 Managerial Economics, AKTU MBA Semester 1

Managerial Economics serves as a bridge between economic theory and business practice, offering insights into how businesses can use economic principles to make informed decisions and optimize their operations. This course equips students with the analytical skills and frameworks necessary to analyze business problems, evaluate alternatives, and formulate effective strategies.

Table of content (toc)

Throughout this course, students will explore various topics in managerial economics, including demand analysis, production and cost analysis, market structures, pricing strategies, game theory, risk analysis, and decision-making under uncertainty. By studying these topics, students will gain a deeper understanding of how economic factors influence business decisions and outcomes.

UNIT 1 - Managerial Economics

S.No.	Topic
1	Definition, Nature And Scope of Economics
2	Micro Economics and Macro Economics
3	Managerial Economics and its relevance in business decisions
4	Fundamental Principles of Managerial Economics
5	Incremental Principle
6	Marginal Principle
7	Opportunity Cost Principle
8	Discounting Principle
9	Concept of Time Perspective
10	Equi-Marginal Principle
11	Utility Analysis
12	Cardinal Utility and Ordinal Utility

UNIT 2 - Managerial Economics

S.No.	Topic
1	Theory Of Demand
2	Types Of Demand
3	Determinants Of Demand
4	Demand Function
5	Demand Schedule
6	Demand Curve
7	Law Of Demand
8	Exceptions To The Law Of Demand
9	Shifts In Demand Curve
10	Elasticity Of Demand And Its Measurement
11	Cross Elasticity And Advertising Elasticity
12	Uses Of Elasticity Of Demand For Managerial Decision Making
13	Meaning, Significance And Methods Of Demand Forecasting
14	Law Of Supply
15	Supply Elasticity
16	Analysis And Its Uses For Managerial Decision Making
17	Price Of A Product Under Demand And Supply Forces

UNIT 3 - Managerial Economics

S.No.	Topic
1	Production concepts & analysis
2	Production function
3	Types of production function
4	Laws of production
5	Law of diminishing returns
6	Law of returns to scale
7	Cost and Types of costs in production
8	Cost output relationship in the Short-run
9	Cost output relationship in the Long-run
10	Estimation of revenue
11	Average Revenue
12	Marginal Revenue

UNIT 4 - Managerial Economics

S.No.	Topic
1	Perfect And Imperfect Market Structures
2	Perfect Competition And Features Of Perfect Competition
3	Determination Of Price Under Perfect Competition
4	Feature And Pricing Under Monopoly
5	Price Discrimination In Monopoly
6	Features And Pricing Under Monopolistic Competition
7	Product Differentiation In Monopolistic
8	Features And Kinked Demand Curve In Oligopoly
9	Cartels And Price Leadership In Oligopoly

UNIT 5 - Managerial Economics

S.No.	Topic
1	National Income Concepts And Various Methods Of Its Measurement
2	Circular Flows In 2 Sector Economies
3	Circular Flows In 3 Sector Economies
4	Circular Flows In 4 Sector Economies
5	Inflation And Its Types And Causes
6	Business Cycle & It's Phases

The course curriculum is designed to blend theoretical concepts with practical applications, allowing students to develop both a theoretical understanding of economic principles and the ability to apply them to real-world business scenarios. Through case studies, simulations, and problem-solving exercises, students will learn how to use economic models and tools to analyze markets, forecast demand, and optimize resource allocation.

Our experienced faculty members bring a wealth of expertise in economics and business, ensuring that students receive the latest industry insights and best practices. Additionally, students will have the opportunity to engage in discussions, debates, and group projects to deepen their understanding of managerial economics concepts and their applications in business decision-making.

By the end of this course, students will not only have a solid foundation in managerial economics principles but also possess the analytical skills and strategic mindset necessary to navigate the complexities of business environments and make sound managerial decisions that drive organizational success.

For more content visit AKTU MBA Notes

We are excited to embark on this journey with you as we explore the fascinating intersection of economics and business management through the lens of managerial economics.