- The nature and scope of Managerial Economics.
- Management Problem
- Effective Management
- Theory of firm
- The objective of the Firm
- Constrains faced by a firm
- Business vs. Economic profit
- Theories of Economic profit
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- Advanced Demand Analysis
- The Market Demand Function
- Total and Marginal Revenue
- Sensitivity analysis
- Computation of Price, Income and Cross price Elasticity of Demand by two Methods
- Uses and Application of Price, Income and Cross-Price Elasticity of demand
- Some other Demand Elasticity
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- Advanced Demand Analysis
- Price elasticity, Marginal Revenue and Total Revenue
- Optimal Pricing Policy under given price elasticity
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- Demand estimation by Regression Analysis
- Simple Linear and Multiple Linear Regression Models
- Significance of estimated coefficients and model
- Use of R2
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- Demand Forecasting
- Quantitative Methods for Forecasting
- Best Forecasts
- Forecasting power of a Regression Model
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- Economic Optimization
- Mathematical tools for derivatives
- Unconstrained vs. Constrained Optimization
- The substitution vs. the Lagrange Methods of Optimization
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- Production Analysis
- Production Function
- Total, Marginal and average Products in case of single and two variable inputs
- Marginal Revenue Product and Optimal Employment of Inputs
- Returns to scale vs. Returns to factor
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- Cost Analysis
- Explicit and Implicit Costs
- Incremental and Sunk Costs
- Short-Run vs. Long-Run Costs
- Economies of Scale and Economies of Scope
- Learning Curves
- Breakeven Analysis
- Degree of Operating Leverage
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- Pricing Practices
- Markup Pricing and profit maximization
- Mark up on costs and price
- Optimal markup on price and cost
- Price discrimination
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- Risk Analysis
- Economics Risk vs. Uncertainty
- Various types of risk
- Expected Profit of a Project
- Absolute vs. Relative Risk
- Beta as Measure of Risk
- Managerial Applications
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