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Model Institute of Engineering and Technology, Jammu  
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Objective
The objective of this foundation course is to impart basic knowledge of the concepts and tools of economic analysis and their application to business decisions to acquaint participants with the main features of aggregate economic system.


Unit I
Introduction to managerial economics; Demand and Theory Analysis; Demand Estimation; Business and Economic Forecasting; Elasticity of Demand.


Unit II
Production Theory and Analysis- The Production Function; Economies of scale and Scope; Estimating the Production Function; Cost Theory and Analysis- The Economic Concept; Production and Cost; Short-run and long-run Cost Functions; Estimating Cost Functions.

Unit III
Market structure- Perfect Competition and Monopoly; Relevance of Perfect Competition and Monopoly; Monopolistic Competition, Oligopoly, Market structure and Barriers to entry.

Unit IV
Pricing of Goods and Services; Pricing of Multiple Products; Price Discrimination; Product Bundling; Peak-load Pricing; Cost-plus or Mark-up Pricing; Cyclical Pricing; Other Pricing Practices; Pricing and Employment of Inputs; Correspondence between output and input decisions.


Unit V
Macro economics: Business Cycles; Monetary and Fiscal Policies; Consumption Function; National Income; Inflation

Note for Paper Setting
The question Paper shall contain two questions from each Unit ( Total 10 Questions) and the candidates shall be required to answer one question from each unit ( total number of questions to be attempted shall be five, i.e. there shall be internal choice within each unit)

NOTE:
A minimum of two cases or articles or reports or projects or a combination of these shall be introduced to the students in the paper.


Address:
Model Institute of Engineering and Technology, Jammu  
Engineering College
Bhalwal, Jammu and Kashmir 181123
Phone: 090183 12123

Attached Files

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