{"id":1121,"date":"2022-01-28T18:54:31","date_gmt":"2022-01-28T18:54:31","guid":{"rendered":"https:\/\/itgeeks.in\/home\/?p=1121"},"modified":"2022-01-28T18:54:33","modified_gmt":"2022-01-28T18:54:33","slug":"2k6ec-502-economics-and-business-management%ef%bf%bc","status":"publish","type":"post","link":"https:\/\/itgeeks.in\/home\/?p=1121","title":{"rendered":"2K6EC 502: ECONOMICS AND BUSINESS MANAGEMENT\ufffc"},"content":{"rendered":"\n

Module I (12 hours)<\/strong>
Definition of economics-nature and scope f economic science-nature and scope of managerial economics-central problems of an economy-scarcity and choice-opportunity cost-objectives of business firms-forms of business-proprietorshippartnership-joint stock company-co-operative organization-state enterprise
Module II (14hours)<\/strong>
Consumption \u2013 wants \u2013characteristics of wants- law of diminishing marginal utility- demand \u2013 law of demand- elasticity of demand- types of elasticity-factors determining elasticity measurement- its significance in business-demand forecastingmethods of demand forecasting- supply \u2013 law of supply- elasticity of supply
Module III (14hours)<\/strong>
Production \u2013 factors of production \u2013 features of production \u2013 features of factors of production- division of labour \u2013 production function- Cobb-Douglas production function-production possibility curve-squats-marginal rate of technical substitution- properties of isoquants -law of variable proportions- returns to scale-isocost line-least cost combination of factors-expansion path-technical and economical efficiency-linear programming \u2013graphical method-economics of large scale production.
Module IV (12hours)<\/strong>
Market structures and price determination \u2013 perfect competition-monopoly -monopolistic competition-oligopoly-kinked demand curve-money and banking-nature and functions of money-money market and capital market-commercial banks \u2013 functions-central banking functions-methods of credit control.<\/p>\n\n\n\n

Text books and References<\/strong>
1 Varshney R.L & Maheshwari K.L , Managerial economics, S Chand & Co. Ltd..
2 Dwiivedi D.N, Managerial Economics, Vikas Publishing House Pvt Ltd
3.\u00a0Dewett K.K, Modern Economic theory, S Chand & company Ltd.<\/a>
4. Barthwal A.R ,Industrial Economics, New Age International Publishers
5. Benga T.R & Sharma S.C, Industrial Organization and Engineering Economics , Khanna Publishers
6. Ahuja H.L Modern Micro Economics \u2013Theory and Applications , S Chand & Co. Ltd
7. Koutsoyiannis A , Modern Microeconomics, Macmillan Press Ltd.
8. Joel Dean, managerial Economics Prentice-Hall of India Pvt Ltd.
9. Dewett .K.K& Verma J.D,Elementary Economic Theory , S Chand & Co. Ltd.
10. Jhingan M.L., Macro Economic theory , Vrinda Publications Pvt.Ltd.<\/p>\n\n\n\n

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S5 Question Papers<\/a><\/div>\n\n\n\n
Notes<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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