Course Objectives:
1. To familiarise students with the production and cost structure under different stages of production.
2. To understand the pricing and output decisions under various market structure.
3. To help students understand and apply the various decision tools to understand the market structure.
Course Outcomes (COs):
Learning outcomes (at course level) |
Learning and teaching strategies |
Assessment Strategies |
CO22: To familiarise students with the production and cost structure under different stages of production. CO23: To understand the pricing and output decisions under various market structure. CO24: To help students understand and apply the various decision tools to understand the market structure. CO25: Develop an understanding of role and function of managers.
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Approach in teaching:
Interactive Hours using whiteboards, Questioning & Discussion, Reading assignments, Short quiz consisting of numerical problems. Learning activities for the students: Self learning assignments, Presentation, Solving problems of unsolved questions, Writing in Class, Problem-Based Learning – Cases, Group Learning – Teamwork |
Class test, Semester end examinations, Presentation, Individual and group projects, Task-based exercises to assess students’ understanding.
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Case studies based on Elasticity of demand and supply
Case studies based on cardinal utility theory & ordinal utility theory
Project work based on production and cost function.
Project work based on Theory of firm and market organization
Case studies based on Factor market
Salvatore, Dominick, Micro Economics, Oxford University Press, New York
2. Seth, M. L., Principles of Economics, Laxmi Narain Agarwal, Agra
3. Mithani,D.M., Fundamentals of Economics, Himalya Publishing House,Mumbai
4. Ahuja, H.L. , Business Economics, S.Chand & Company,New Delhi
5. Mathur N.D. Managerial Economic. Shivam Book House, Jaipur
6. C. M. Choudhary : Business Economics
7. Jhingal, M.L., Principles of Economics, Vikas Publishing House, New Delhi
8. Mukherjee,Debes, Business Economics Micro and Macro, New Central Book Agency, Calcutta