Managerial Economics

 Managerial Economics

Managerial economics provides a systematic and logical way of analyzing the business decisions and both day to day and long run planning decisions. Managerial Economics teaches students how to make superior business, not how to build models. These notes covers the syllabus  of professional courses like MBA, C.A., I.C.W.A, I.C.S and M.Com. Since these notes are written mainly to meet the requirements of students preparing for exams, it covers the relevant and important aspects of both micro and macro- economic theories. These notes intend to explain in non-technical language, the economic concepts, tools of analysis and their relevance to business decision making, and also the influence of economic environment on business decisions.


Meaning and Definition of Managerial Economics

Characteristics of Managerial Economics

Importance of Managerial Economics

Scope of Managerial Economics

Traditional Economics and Managerial Economics

Meaning and definitions of Demand

Determinants of Demand

Types of Demand

Demand Curve

Demand Elasticity

Demand Forecasting

Economies of Scale

Market Structure and Pricing Decisions under Competition 

Perfect Competition 

Monopolistic Competition

Business Cycle/Trade Cycle – Meaning, Definitions, Features, Phases and Theories

Inflation – Meaning, Definitions, Characteristics, Causes and types

Measurement of Inflation

Demand Pull and Cost Push Inflation 

Effects of Inflation

Monetary Policy

Utility AnalysisCardinal and Ordinal Concepts of Utility


Indifference Curve

National Income – Concept, Types and Measurement