Handwritten Managerial Economics Notes PDF FREE Download

Managerial Economics Notes PDF

Date: 31st Jan 2023

In these “Managerial Economics Notes PDF”, we will microeconomic concepts and techniques in evaluating business decisions taken by firms. The emphasis is on explaining how tools of standard price theory can be employed to formulate a decision problem, evaluate alternative courses of action and finally choose among alternatives.

We have provided multiple complete Managerial Economics Notes PDF for any university student of Bachelor of Management Studies (BMS) or Master of Business Administration (MBA) to enhance more knowledge about the subject and to score better marks in the exam. Students can easily make use of all these Managerial Economics Notes PDF by downloading them.

Topics in our Managerial Economics Notes PDF

The topics we will cover in these Managerial Economics Notes PDF will be taken from the following list:

Demand, Supply and Market equilibrium: Individual demand, market demand, individual supply, market supply, market equilibrium; Elasticities of demand and supply; Price elasticity of demand, income elasticity of demand, cross-price elasticity of demand, elasticity of supply.

Theory of consumer behaviour: Cardinal utility theory; ordinal utility theory (indifference curves, budget line, consumer choice, price effect, substitution effect, income effect for normal, inferior and giffen goods); derivation of indifference curves using revealed preference theory.

Producer and optimal production choice: Optimizing behaviour in short-run (product curves, law of diminishing margin productivity, stages of production); optimizing behaviour in long run (isoquants, isocost line, optimal combination of resources); traditional theory of cost (short-run and long-run); modern theory of cost (short-run and long-run); economies of scale and scope.

Theory of firm and market organization: Perfect competition (basic features, short-run equilibrium of firm/industry, long-run equilibrium of firm/industry, effect of changes in demand, cost and imposition of taxes); monopoly (basic features, short-run equilibrium, long-run equilibrium, effect of changes in demand, cost and imposition of taxes, comparison with perfect competition, welfare cost of monopoly), price discrimination, multiplant monopoly ; monopolistic competition (basic features, demand and cost, short-run equilibrium, long-run equilibrium, excess capacity); oligopoly (Cournot’s model, kinked demand curve model, dominant price leadership model, Game Theory; Oligopolistic behaviour (dominant strategy, Nash equilibrium, business dilemma, pure strategy, mixed strategy, pure strategy equilibrium, mixed strategy equilibrium).

Factor market: Demand for a factor by a firm under marginal productivity theory (perfect competition in the product market, monopoly in the product market); market demand for a factor; supply of labour; market supply of labour; factor market equilibrium.

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Managerial Economics Reference Books List

We have listed the best Managerial Economics Reference Books that can help in your Managerial Economics exam preparation: 

• Dominick Salvatore (2009). Principles of Microeconomics (5th Edition). Oxford University Press
• Lipsey and Chrystal (2008). Economics. (11th Edition). Oxford University Press
• Pindyck, Rubinfeld and Mehta (2009). Micro Economics (7th Edition). Pearson

Management Notes PDF

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Author: Delhi University

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