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CU online syllabus

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37 views

Syllabus

CU online syllabus

Uploaded by

thakkar.family24
Copyright
© © All Rights Reserved
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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1st Semester

S.
Course Code Course Title Course Type Credit Week
N

1 24ONBBT118 Micro Economics Prog. Core 4 12

PRE-REQUISITE Basic understanding of economic affairs


a. Course Description
This course aims to impart the knowledge of economics as a subject and its importance in
business. The business decisions can be made on the basis of economic concepts learnt
through this subject. So understanding basic economic concepts/variables like demand and
supply functions demand forecasting, production and cost functions will equip them with the
knowledge of various operations carried in business.

b. Course Objectives
1. The course aims to familiarize learners with concepts of economics in real world situations.
2. To make learners understand the demand and supply analysis in business applications.
3. To help learners apply various economic decision making tools in different market structures.

c. Course Outcomes
CO1 To review the dynamics of economy and its application in modern day business.
CO2 To relate the basic concepts of demand and supply forces with real life situations.
CO3 To analyze different market structures for attaining the equilibrium with the help of
cost- revenue theories.
CO4 To estimate the impact of economic events on supply and demand forces in different
market structures.
CO5 To speculate the short term demand on the basis of price elasticity to get clarity about
consumer equilibrium.
d. Syllabus
Module-1(Consumer Equilibrium)
Basics of Micro Micro Economics: Definition, Nature and Scope of Micro Economics.
Economics Difference with Macro Economics.
Utility Analysis Cardinal, Marginal and Ordinal utility. Law of Diminishing marginal utility
and Law of Equi-marginal utility.
Consumer Indifference Curve Analysis and its properties, Budget line and its shifts,
Equilibrium Consumer Equilibrium. Income, Price and Substitution effect.
Demand Theory Demand Theory and Analysis: Law of demand, Types of demand and
Demand Function, Movement and Shifts in the demand.
Self -Study Topic Factors affecting Demand
Module-2 (Consumer Equilibrium)
Supply Law of supply, Interactions of Demand and Supply forces.
Demand Elasticity Types & Degree of Elasticity of Demand, Measurement of elasticity
Demand Forecasting Methods and its applications
Theory of Production Factors of production, Short Run and Long Run Production Function, Iso-
quants and their properties
Self -Study Topic Factors affecting Supply and production

Module-3(Cost, Revenue and Markets)


Theory of Cost Cost Concepts and Determinants of Cost, Long Run and Short Run cost
Analysis
Revenue Analysis Types, Relation between AR, MR and TR
Market Structure Different Types of Market Structures, Pricing Decision and demand
curves Under Perfect Competition, Monopoly, Monopolistic
competition, Oligopoly: kinked Demand Curve Analysis
Self -Study Topic Relation between cost and revenue.

e. Text & Reference books

1. Managerial Economics, Geetika, Piyali Ghosh, Purba Roy Choudhury


2. Principle of Microeconomics, Gregory Mankiw, Cenagage Learning Publications
3. D.N. Dwivedi, “Managerial Economic”, Vikas Publications, New Delhi.
4. Economics, Samuleson and Nordhaus, TMH Publishers Ltd. New Delhi
5. Modern Microeconomics, Koutsoyannis, Machmillan India Ltd. New Dlehi
6. D. Salvatore, “Microeconomic Theory”, Tata McGraw Hill.
7. D.M. Mithani, Managerial Economics Theory and Applications, Himalaya Publication,
Bangalore.

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