MBA 105 Course Plan
- Programme Code 039
- Course Code MBA-105
- Course TypeCore
- Programme Master of Business Administration
- Course Name Managerial Economics
- L - T/P - Credits 3 - 0 - 3
- Course Outcome
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- Examine various economic ideologies, economic theories and techniques of economic analysis and discuss their relevance for managerial decision making
- Identify and explain factors influencing supply and demand analyze the dynamic role of markets in allocation of productive resources in a free market economy and offer critique of market based model from sustainable development perspective.
- Examine various approaches and models that explain consumer choices and behavior and apply them for analyzing the demand.
- Discuss the theory of production and analyze the effects of technology and variations in input proportions on output, both in the short run and long run.
- Identify and compare different market structures and analyze pricing and output decisions in different market forms.
- Analyze business cycles, macro-economic conditions and policies and develop effective business strategies.
- Tecniatv Playlist linkhttps://www.youtube.com/
| Unit No. | Lecture No. | Topic | Sessional Outcome | Mapping with CO | ICT Tools / Class Material (PPT ) | First Shift | Second Shift | Guest Lecture | Expert Lecture |
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| 1 | L1 | Nature, Scope and Significance of Managerial Economics | Students will be able to understand the meaning and scope of managerial economics | CO1 |  |
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| 1 | L2 | Nature, Scope and Significance of Managerial Economics | Students will be able to comprehend the managerial economics and it's relationship with other disciplines | CO2 | |
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| 1 | L3 | Managerial Economics and Relationship with other Disciplines | Students will understand the role of managerial economics in decision making | CO2 | |
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| 1 | L4 | Role of Managerial Economics in Decision Making | Explained opportunity cost principle | CO2 | |
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| 1 | L5 | Opportunity cost Principle | Explain the production possibility curve | CO2 | |
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| 1 | L6 | Production Possibility Curve | Discusse incremental concept | CO2 | |
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| 1 | L7 | Incremental Concept | Students will be able to understand the meaning of cardinal and ordinal approaches to consumer behaviour | CO4 | |
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| 2 | L8 | Cardinal and Ordinal Approaches to Consumer Behaviour | Explain equi-marginal principle with example examples. | CO4 | |
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| 2 | L9 | Equi-Marginal Principle | Discuss the law of diminishing marginal utility | CO4 | |
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| 2 | L10 | Law of Diminishing Marginal Utility | Students will be assessed on the basis of previous lecture's knowledge | |
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| 2 | L11 | Revision | Students will be assessed on the basis of previous lecture's knowledge | |
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| 2 | L12 | Revision | Students will be assessed on the basis of previous lecture's knowledge | |
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| 2 | L13 | Group discussion | Students will be assessed on the basis of previous lecture's knowledge | |
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| 2 | L14 | Problem Solving Session | Student will be able to describe Law of demand, differentiate and evalaute various factors for movement and shift in demand curve. | co5 | |
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| 2 | L15 | Theory of Demand : Law of Demand, Movement along Vs shift in demand Curve | Student will be able to evalaute various factors for movement in demand curve. | CO5 | |
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| 2 | L16 | Theory of Demand : Law of Demand - Movement in demand Curve | Student will be able to and evalaute various factors for movement and shift in demand curve. | CO5 | |
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| 3 | L17 | Theory of Demand : Law of Demand, Movement along Vs shift in demand Curve | Student will be able to undestand the concept the elasticity of demand. | CO2 | |
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| 3 | L18 | Concepts of Measurement of Elasticity of Demand | Student will be able to analyse the factors affecting elasticity of demand. | CO3 | |
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| 3 | L19 | Factors affecting Elasticity of Demand | Student will be able to evaluate income elasticity of demand. | CO3 | |
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| 3 | L20 | Income Elasticity of Demand | Student will be able to understand the meaning and concept of theory of production | CO3 | |
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| 3 | L21 | Theory of Production : Meaning and concept | Student will be able to understand the meaning and concept of theory of production | CO3 | |
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| 3 | L22 | Factors of production and production function : Fixed and variable factors | Student will apply the concept of law of variables in determining the optimum stage of operation | CO3 | |
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| 3 | L23 | Law of variable proportion(Short Run Production analysis) | Student will apply the concept of law of returns to scale in determining the optimum stage of operation | CO3 | |
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| 3 | L24 | Law of return to scale (long run Production analysis)through the use of ISO Quants | Explain Traditional and Modern Theory of Costs in the Short Run and Long Run | CO3 | |
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| 3 | L25 | Traditional and Modern Theory of Costs in Short Run and Long Run | Students will be assessed on the basis of previous lecture's knowledge | |
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| 3 | L26 | Revision | Students will be assessed on the basis of previous lecture's knowledge | |
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| 3 | L27 | Revision | Students will be assessed on the basis of previous lecture's knowledge | |
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| 3 | L28 | Group discussion | Students will be assessed on the basis of previous lecture's knowledge | |
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| 3 | L29 | Problem Solving Session | Students will be able to differentiate between economies of scale and economies of scope | CO3 | |
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| 3 | L30 | Economies of Scale and Economies of Scope | Students will be able to understand the concept importance of revenue curves | CO1 | |
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| 4 | L31 | Revenue Curves | Students will be able to understand the concept of market structure: price-output decisions under perfect competion | CO1 | |
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| 4 | L32 | Market Structure: Price-Output decisions under Perfect Competition | Student will apply the concept of monopoly markets | CO1 | |
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| 4 | L33 | Monopoly, Monopolistic Competition and Oligopoly | Students will be able to understand the strategic behaviour of firm | CO1 | |
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| 4 | L34 | Strategic Behaviour of Firm | Students will be able to understand macro economics and it's concepts | CO1 | |
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| 4 | L35 | Introduction to Macro Economics | Students will be able to understand the importance of macro economics | CO1 | |
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| 4 | L36 | Nature and Importance of Macro Economics | Students will be assessed on the basis of previous lecture's knowledge | |
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| 4 | L37 | Revision | Students will be assessed on the basis of previous lecture's knowledge | |
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| 4 | L38 | Revision | Students will be assessed on the basis of previous lecture's knowledge | |
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| 4 | L39 | Revision | Students will be able to understand and differentiate the concepts of economic growth and economic developments | CO1 | |
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| 4 | L40 | Economic Growth and Development | Students will be able to understand economic developments and it's various determinants | CO1 | |
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| 4 | L41 | Determinants of Economic Development | Students will be able to understand the concept of national income and methods how to measure it | CO1 | |
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| 1 | L42 | Methods of Measurement of National Income | Students will be able to understand the concept of inflation and control measures of inflation | CO1 | |
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| 2 | L43 | Inflation: Meaning and Theories and Control Measures | Students will be assessed on the basis of previous lecture's knowledge | CO1 | |
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| 3 | L44 | Revision | Studenst will be able to clear their doubts. | CO1 | |
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| 4 | L45 | Group Discussion | Discuss problems related to previous lectures | CO1 | |
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# As per Scheme & Syllabus Of Guru Gobind Singh Indraprastha University, New Delhi 2022-23 Onwards.