Lovely Professional University, Punjab

Course Code ECO515 Course Category Course Title MANAGERIAL ECONOMICS Courses with conceptual focus Course Planner 13612::Chander Shekhar Dogra Lectures 4.0 Tutorials Practicals Credits 1.0 0.0 5.0

TextBooks Sr No T-1 Title Managerial Economics Author Christopher R Thomas,S Charles Maurice,Sumit Sarkar Edition 9th Year 2011 Publisher Name Tata McGraw - Hill Education

Reference Books Sr No R-1 R-2 R-3 R-4 Other Reading Sr No OR-1 OR-2 OR-3 OR-4 OR-5 OR-6 OR-7 OR-8 Journals articles as Compulsary reading (specific articles, complete reference) Introduction to Market structures, Managerial Economics 6th edition by W.W. Norton &Co,chapter 2 (Available in course file) , Techniques of Project Appraisal by Arnold C Harberger, University of Chicago.(Available in course file) , Five rules for pricing excellence by Patrick Lefler.(Available in course file) , Demand, supply and market equilibrium, chapter 3 by Prenhall Publications.(Available in course file) , Updating Managerial Economics by Thomas P. Egan, Business Economics; July 1995.(Available in course file) , Social Cost-Benefit analysis in a nutshell by Rufus Pollock Emmanuel College, University of cambridge.(Available in course file) , Strength of preference and cardinal utility by Veronika Kobberling, Economic Theory 2006.(Available in course file) , On ordinal utility, cardinal utility and random utility , Theory and Decision, 2007.(Available in course file) , Title Managerial Economics Advanced Economic Theory Macroeconomics Theory and Policy Managerial Economics Author Dominick Salvatore, Ravikesh Srivastava H.L. Ahuja D.N. Dwivedi Mark Hirschey Edition 7th 17th 8th 3rd Year 2012 2011 2013 2011 Publisher Name Oxford Higher Education S. Chand Tata McGraw - Hill Education Cengage Learning

Audio Visual Aids Sr No AV-1 AV-2 AV-3 (AV aids) (only if relevant to the course) Market structures.(Available in course file) Oligopoly models by Patrick Bajari.(Available in course file) Demand Estimation.(Available in course file) Salient Features PPT on market structures giving a comprehensive and simple overview of monopolistic competition and monopoly. PPT on Oligopoly models giving a mathematical exposition of oligopoly. PPT on demand estimation giving a simple yet mathematically oriented approach to regression and other estimation techniques

AV-4

Monopoly and antitrust policy by Prentice Hall Publishing.(Available in course file)

PPT giving advanced treatment on monopoly and impact on society.

LTP week distribution: (LTP Weeks) Weeks before MTE Weeks After MTE Spill Over 7 7 4

Detailed Plan For Lectures

Week Number Lecture Number Broad Topic(Sub Topic) Chapters/Sections of Text/reference books Other Readings, Lecture Description Relevant Websites, Audio Visual Aids, software and Virtual Labs L 1 Economic profit,value maximization,profit maximization and other basic concepts. L 2 Market structures and managerial decision making L 1 Economic profit,value maximization,profit maximization and other basic concepts. L 2 Market structures and managerial decision making Learning Outcomes Pedagogical Tool Demonstration/ Case Study / Images / animation / ppt etc. Planned

Week 1

Lecture 1

Nature and Scope of Managerial Economics(Concept,nature,scope and application of managerial economics)

T-1:1 R-1:1 R-4:1

L1Student will White board, caselets understand the basic concepts of managerial economics L2 Decision making in market structures

Lecture 2

Nature and Scope of Managerial Economics(Concept,nature,scope and application of managerial economics)

T-1:1 R-1:1 R-4:1

L1Student will White board, caselets understand the basic concepts of managerial economics L2 Decision making in market structures

Lecture 3

Theory of Demand and Supply (Meaning)

T-1:2 R-2:6 R-4:3 T-1:2 R-2:6 R-4:3

Concept of demand and Law of demand and its White board, caselets the Law of demand graphical representation

Theory of Demand and Supply (Law of Demand)

Application of Law of Law of demand and its White board, demand in the real world application Discussion of caseletDid Globalization kill US Manufacturing from Managerial Economics: Concepts and Applications by Christopher Thomas, 9th Edition, p.64

Week 1

Lecture 4

Theory of Demand and Supply (Determinants)

T-1:2 R-2:6 R-4:3

OR-4

Determinants of demand Understanding the and the movements in difference between the demand curve movement along the demand curve and shifts in the demand curve.

White board.Discussion of caselet-Gillette introduces Space Technology Global Razors from Managerial Economics by Dominick Salvatore, 7th Edition p.120 White board and diagrammatic repesentation

Week 2

Lecture 5

Theory of Demand and Supply (Law of supply) Theory of Demand and Supply (Determinants of supply) Theory of Demand and Supply (Market equilibrium)

T-1:2 R-4:3 T-1:2 R-4:3 T-1:2 R-4:3

Supply curve and market Understanding supply equilibrium curve factors affecting supply Market equilibrium

Understanding White board and determination of market diagrammatic equilibrium. repesentation Understanding the White board and supply curve and the diagrammatic determination of market repesentation equilibrium. L6 Student will understand the concept of ceiling and floor prices in the real economy. L7-8 Understanding price elasticity, income elasticity and cross price elasticity of demand.L9This lecture can be used for contingency such as clarifying the concepts and numericals pertaining to elasticity. White board and diagrammatic representation,example s and basic numericals. Discussion of caseletEstimation of demand for oranges by market experiment from Managerial Economics by Domininck Salvatore, 7th edition, p 148.Discussion of caselet-Making Magic: The Multiplex way from Managerial Economics by Geetika Ghosh, 2nd edition,p.131

Introduction to supply curve and market equilibrium L6 Ceiling and floor prices L7.Concept and measurement of price elasticity L7 Concept and measurement of income elasticity L8Concept and measurement of cross price elasticity of demand. L9 Applications of elasticity of demand in the real world

Lecture 6

Theory of Demand and Supply (Ceiling and Floor prices)

T-1:2 R-1:3 R-4:11 4

Week 2

Lecture 7

Theory of Demand and Supply (Ceiling and Floor prices)

T-1:2 R-1:3 R-4:11 4

L6 Ceiling and floor prices L7.Concept and measurement of price elasticity L7 Concept and measurement of income elasticity L8Concept and measurement of cross price elasticity of demand. L9 Applications of elasticity of demand in the real world

L6 Student will understand the concept of ceiling and floor prices in the real economy. L7-8 Understanding price elasticity, income elasticity and cross price elasticity of demand.L9This lecture can be used for contingency such as clarifying the concepts and numericals pertaining to elasticity.

White board and diagrammatic representation,example s and basic numericals. Discussion of caseletEstimation of demand for oranges by market experiment from Managerial Economics by Domininck Salvatore, 7th edition, p 148.Discussion of caselet-Making Magic: The Multiplex way from Managerial Economics by Geetika Ghosh, 2nd edition,p.131 White board and diagrammatic representation,example s and basic numericals. Discussion of caseletEstimation of demand for oranges by market experiment from Managerial Economics by Domininck Salvatore, 7th edition, p 148.Discussion of caselet-Making Magic: The Multiplex way from Managerial Economics by Geetika Ghosh, 2nd edition,p.131 White board, examples

Lecture 8

Theory of Demand and Supply (Ceiling and Floor prices)

T-1:2 R-1:3 R-4:11 4

L6 Ceiling and floor prices L7.Concept and measurement of price elasticity L7 Concept and measurement of income elasticity L8Concept and measurement of cross price elasticity of demand. L9 Applications of elasticity of demand in the real world

L6 Student will understand the concept of ceiling and floor prices in the real economy. L7-8 Understanding price elasticity, income elasticity and cross price elasticity of demand.L9This lecture can be used for contingency such as clarifying the concepts and numericals pertaining to elasticity.

Week 3

Lecture 10

Consumer behavior(Law of diminishing marginal utility)

R-2:7 R-4:4

Introduction to marginal utility and law of diminishing marginal utility Introduction to EquiMarginal utiltiy

Application of diminishing marginal utility in economic decision making Understanding equimarginal utility and derivation of demand curve from equimarginal utiltiy

Lecture 11

Consumer behavior(Law of equi marginal utility)

R-2:7

white board, examples

Week 3

Lecture 12

Consumer behavior(Indifference curve)

T-1:5 R-2:8 R-4:4

Introduction to Indifference curves and their properties

Understanding concept and applications of indifference curves in decision making

PPT, white board, examples.Discussion of caselet-To Fly Fast or Far: Tradeoffs in the Market from agerial Economics: Concepts and Applications by Christopher Thomas, 9th Edition p.161 White board and diagrammatic representation,example s and basic numericals. Discussion of caseletEstimation of demand for oranges by market experiment from Managerial Economics by Domininck Salvatore, 7th edition, p 148.Discussion of caselet-Making Magic: The Multiplex way from Managerial Economics by Geetika Ghosh, 2nd edition,p.131

Lecture 9

Theory of Demand and Supply (Ceiling and Floor prices)

T-1:2 R-1:3 R-4:11 4

L6 Ceiling and floor prices L7.Concept and measurement of price elasticity L7 Concept and measurement of income elasticity L8Concept and measurement of cross price elasticity of demand. L9 Applications of elasticity of demand in the real world

L6 Student will understand the concept of ceiling and floor prices in the real economy. L7-8 Understanding price elasticity, income elasticity and cross price elasticity of demand.L9This lecture can be used for contingency such as clarifying the concepts and numericals pertaining to elasticity.

Week 4

Lecture 13

Consumer behavior(Consumer Equilibrium)

T-1:5 R-2:8 R-4:4 T-1:5 R-2:8 R-4:4 T-1:5 R-2:8 R-4:4

Introduction to consumer Understanding PPT, white board, equilibrium consumer equilibrium examples and its relationship with equi-marginal utility Income and substitution effects Diagrammatic understanding of income, substitution and price effects stepwise Diagrammatic representation on whiteboard

Lecture 14

Consumer behavior(Price,income and substitution effect)

Lecture 15

Consumer behavior(Budget Line and shift in budget line)

Introduction to budget line and shifts in budget line.Income consumption curve and price consumption curve

Understanding normal PPT, and inferior goods whiteboard,examples through income from real life consumption curve and price consumption curve PPT, whiteboard, caselets

Lecture 16

Production and cost in the short run(Production Function,Total Product, Average Product and Marginal Product) Production and cost in the short run(Law of Variable Proportions)

T-1:8 R-2:18 R-4:7

Introduction to Calculation and Production function and understanding of Total basic concepts Product, Average Product and Marginal Product Law of variable proportions and its applicability Understanding the application of law of variable proportions in agriculture

Week 5

Lecture 17

T-1:8 R-2:18 R-4:7

Caselet,examples from real world, whiteboard, PPTs

Week 5

Lecture 18

Production and cost in the short run(Short run cost-Fixed and Variable costs,Average and Marginal costs)

T-1:8 R-2:21 R-4:8

Introduction to short run Understanding of fixed Numerical examples costs and variable costs, and practice calculation of average and marginal costs Quiz,Test,Presentation and Write Up1

Lecture 19 Lecture 20 Production and cost in the short run(Relationship between short run costs and production) Production and Cost in the Long run.(Isoquants and their properties) T-1:8

Relationship between short run cost and production

Clear understanding of Graphs and numerical relationship between illustrations these variables and graphical representation

Week 6

Lecture 21

T-1:9 R-2:19 R-4:7 T-1:9 R-2:20 T-1:9 R-2:20

Introduction to Isoquants Understanding the role PPT, and their properties of isoquants in decision whiteboard,caselets making Introduction to Isocost curves and their applications L23 Introduction to producer equilibrium and expansion path L24 Shape of long run average cost curve due to economies and diseconomies of scale Introduction to producer equilibrium and expansion path,shape of long run average cost curve due to economies and diseconomies of scale Introduction to producer equilibrium and expansion path,shape of long run average cost curve due to economies and diseconomies of scale L23 Introduction to producer equilibrium and expansion path L24 Shape of long run average cost curve due to economies and diseconomies of scale Isocost curves and their PPTs, whiteboard shift L 23 Student will understand how the long run average cost curve is derived and shaped. PPTs,whiteboard,casel ets

Lecture 22

Production and Cost in the Long run.(Isocost curves and shift in Isocost Curves) Production and Cost in the Long run.(Producer equilibrium)

Lecture 23

Production and Cost in the Long run.(Expansion Path,Long Run Costs, economies and diseconomies of scale)

T-1:9 R-2:20

Understanding how the PPTs,whiteboard,casel long run average cost ets curve is derived and shaped.L 24 The lecture can be used for contingency such as relating concepts with examples. Understanding how the PPTs,whiteboard,casel long run average cost ets curve is derived and shaped.L 24 The lecture can be used for contingency such as relating concepts with examples. L 23 Student will understand how the long run average cost curve is derived and shaped. PPTs,whiteboard,casel ets

Lecture 24

Production and Cost in the Long run.(Expansion Path,Long Run Costs, economies and diseconomies of scale)

T-1:9 R-2:20

Production and Cost in the Long run.(Producer equilibrium)

T-1:9 R-2:20

Week 7

Lecture 25

Production and Cost in the Long run.(Returns to scale,Relationship between LAC and SAC curves, economies of scope)

T-1:9 R-2:19 21 R-4:8

L 25 Concept of returns to scale. L 26 Shape of long run average cost and short run average cost curves L 27 Economies of scope, L28 Introduction to revenue curves.Revision of basic concepts

L25 Student will understand Returns to Scale by using isoquant map L26-27 Derivation of Long Run Average Cost curve L28 Introduction to revenue curves and also covering a basic understanding of market structures.Revision of concepts and planning contingencies. L25 Student will understand Returns to Scale by using isoquant map L26-27 Derivation of Long Run Average Cost curve L28 Introduction to revenue curves and also covering a basic understanding of market structures.Revision of concepts and planning contingencies. L25 Student will understand Returns to Scale by using isoquant map L26-27 Derivation of Long Run Average Cost curve L28 Introduction to revenue curves and also covering a basic understanding of market structures.Revision of concepts and planning contingencies.

Diagrammatic representation on whiteboard,PPTs and caselets

Lecture 26

Production and Cost in the Long run.(Returns to scale,Relationship between LAC and SAC curves, economies of scope)

T-1:9 R-2:19 21 R-4:8

L 25 Concept of returns to scale. L 26 Shape of long run average cost and short run average cost curves L 27 Economies of scope, L28 Introduction to revenue curves.Revision of basic concepts

Diagrammatic representation on whiteboard,PPTs and caselets

Lecture 27

Production and Cost in the Long run.(Returns to scale,Relationship between LAC and SAC curves, economies of scope)

T-1:9 R-2:19 21 R-4:8

L 25 Concept of returns to scale. L 26 Shape of long run average cost and short run average cost curves L 27 Economies of scope, L28 Introduction to revenue curves.Revision of basic concepts

Diagrammatic representation on whiteboard,PPTs and caselets

Week 7

Lecture 28

Production and Cost in the Long run.(Returns to scale,Relationship between LAC and SAC curves, economies of scope)

T-1:9 R-2:19 21 R-4:8

L 25 Concept of returns to scale. L 26 Shape of long run average cost and short run average cost curves L 27 Economies of scope, L28 Introduction to revenue curves.Revision of basic concepts

L25 Student will understand Returns to Scale by using isoquant map L26-27 Derivation of Long Run Average Cost curve L28 Introduction to revenue curves and also covering a basic understanding of market structures.Revision of concepts and planning contingencies.

Diagrammatic representation on whiteboard,PPTs and caselets

MID-TERM
Week 8 Lecture 29 Market Structure: Perfect competition, Monopoly and Monopolistic Competition (Meaning and importance of perfect competition) Market Structure: Perfect competition, Monopoly and Monopolistic Competition(Price and output determination under perfect competition) T-1:11 R-2:28 R-4:10 Introduction to perfect competition and its characteristics Understanding the prevelance of perfect competition in real world L30 Student will understand profit maximization,loss minimization, shut down decision, short run supply curve. L32 Understanding of long run equilibrium and how it is achieved L30 Student will understand profit maximization,loss minimization, shut down decision, short run supply curve. L32 Understanding of long run equilibrium and how it is achieved L30 Student will understand profit maximization,loss minimization, shut down decision, short run supply curve. L32 Understanding of long run equilibrium and how it is achieved caselets, PPTs, whiteboard

Lecture 30

T-1:11 R-2:28 29 R-4:10

L 30-31 Price and output determination in the short run.L32 Price and output determination in the long run

PPTs, whiteboard,Discussion of caselet-Long run adjustment in the US cotton textile industry from Managerial Economics by Dominick Salvatore, 7th edition, p 358 PPTs, whiteboard,Discussion of caselet-Long run adjustment in the US cotton textile industry from Managerial Economics by Dominick Salvatore, 7th edition, p 358 PPTs, whiteboard,Discussion of caselet-Long run adjustment in the US cotton textile industry from Managerial Economics by Dominick Salvatore, 7th edition, p 358

Lecture 31

Market Structure: Perfect competition, Monopoly and Monopolistic Competition(Price and output determination under perfect competition)

T-1:11 R-2:28 29 R-4:10

L 30-31 Price and output determination in the short run.L32 Price and output determination in the long run

Lecture 32

Market Structure: Perfect competition, Monopoly and Monopolistic Competition(Price and output determination under perfect competition)

T-1:11 R-2:28 29 R-4:10

L 30-31 Price and output determination in the short run.L32 Price and output determination in the long run

Week 9

Lecture 33

Market Structure: Perfect competition, Monopoly and Monopolistic Competition (Introduction to monopoly)

T-1:12 R-2:32 R-4:12

AV-1

Introduction to monopoly and reasons for market power

Understanding the measurement and reasons for market power and application in the real world Understanding the measurement and reasons for market power and application in the real world L34 Student will understand how short run equilibrium under monopoly is achieved. L35 Understanding how long run equilibrium under monopoly is different from other market structures L34 Student will understand how short run equilibrium under monopoly is achieved. L35 Understanding how long run equilibrium under monopoly is different from other market structures

Case study,PPTs, whiteboard

Market Structure: Perfect competition, Monopoly and Monopolistic Competition(Sources of monopoly)

T-1:12 R-2:32 R-4:12

AV-1

Introduction to monopoly and reasons for market power

Case study,PPTs, whiteboard

Lecture 34

Market Structure: Perfect competition, Monopoly and Monopolistic Competition(Price and ouput determination in monopoly)

T-1:12 R-2:32 R-4:12

AV-4

L34 Short run equilibrium under monopoly L35 Long run equilibrium under monopoly

PPTs,whiteboard,casel et-Barriers to entry and monopoly by Alcoa from Managerial Economics by Domininck Salvatore, 7th edition, p 365

Lecture 35

Market Structure: Perfect competition, Monopoly and Monopolistic Competition(Price and ouput determination in monopoly)

T-1:12 R-2:32 R-4:12

AV-4

L34 Short run equilibrium under monopoly L35 Long run equilibrium under monopoly

PPTs,whiteboard,casel et-Barriers to entry and monopoly by Alcoa from Managerial Economics by Domininck Salvatore, 7th edition, p 365

Lecture 36

Market Structure: Perfect competition, Monopoly and Monopolistic Competition(Price discrimination)

R-2:33 R-4:15

L36 Degrees of price discrimination L37 Dumping and its prevalence in the real world

L36 Understanding PPT, whiteboard degrees of price discrimination. L37 Understanding dumping in the real world. Covering contingencies and further clarifying concepts related to market structures. L36 Understanding PPT, whiteboard degrees of price discrimination. L37 Understanding dumping in the real world. Covering contingencies and further clarifying concepts related to market structures.

Week 10

Lecture 37

Market Structure: Perfect competition, Monopoly and Monopolistic Competition(Price discrimination)

R-2:33 R-4:15

L36 Degrees of price discrimination L37 Dumping and its prevalence in the real world

Week 10

Lecture 38

Market Structure: Perfect competition, Monopoly and Monopolistic Competition (Meaning of monopolistic competition and its importance)

T-1:12 R-2:36 R-4:13

OR-1 AV-1

Introduction to monopolistic competition

Understanding relevance of monopolistic competition in the real world.

PPT, whiteboard,caselet-The monopolistically competitive medical private practice in India from Managerial Economics by Domininck Salvatore, 7th edition, p 373

Lecture 39

Market Structure: Perfect competition, Monopoly and Monopolistic Competition(Price and output determination in monopolistic competition) Market Structure: Perfect competition, Monopoly and Monopolistic Competition(Product variation and selling expenses under monopolistic competition)

T-1:12 R-2:36 R-4:13

Determination of short run equilibrium under monopolistic competition

Understanding the PPT, whiteboard difference between long run equilibrium under monopolistic competition and perfect competition Understanding the difference between long run equilibrium under monopolistic competition and perfect competition PPT, whiteboard,caseletAdvertiser competition in India from Managerial Economics by Dominick Salvatore, 7th edition, p 377 PPT, whiteboard

T-1:12 R-2:36 R-4:13

Determination of lonng run equilibrium under monopolistic competition

Lecture 40

Oligopoly and Game Theory (Features of oligopoly)

T-1:13 R-2:40 R-4:13 T-1:13 R-2:40

AV-2

Features of oligopoly

Crucial distinction between monopolistic competition and oligopoly Crucial distinction between monopolistic competition and oligopoly

Oligopoly and Game Theory (Similarity and dissimilarity between monopolistic competition and oligopoly) Week 11 Lecture 41 Oligopoly and Game Theory (Sweezy Price Rigidity Model)

AV-2

Difference between monopolistic competition and oligopoly Price rigidity in oligopoly

PPT, whiteboard

T-1:13 R-2:40 R-4:13 T-1:13 R-2:44 R-4:14 OR-1

Student will understand PPT, the critical feature of whiteboard,examples oligopoly which is price from real world stickiness Understanding how prisoner dilemma impacts decision making in competitive markets PPT, whiteboard.Discussion of caselet-The airlines fare war in India and prisoner dilemma from Managerial Economics by Dominick Salvatore, 7th edition, p 444 PPT, whiteboard.Discussion of caselet-The OPEC cartel from Managerial Economics by Dominick Salvatore, 7th edition, p 399

Lecture 42

Oligopoly and Game Theory (Introduction to Game Theory)

Game theory and prisoner dilemma

Lecture 43

Oligopoly and Game Theory (Cartels and Collusions)

T-1:13 R-1:9 R-2:40 R-4:13

Cartels and collusions

Diagrammatic representation of cartels and collusions as explained in prisoner dilemma

Week 11

Lecture 44

Measuring National Income (Meaning and Concepts) Measuring National Income (Methods of measuring national Income)

R-3:4

National income concepts L45 Output method and income method of measuring national income

Student will understand PPT, whiteboard national income concepts L45 Understanding PPT, whiteboard measuring national income through GDP and aggregation of total income in an economy

Week 12

Lecture 45

R-3:4

Measuring National Income (Circular flow of national income)

R-3:4

L46 Expenditure method L 46 Understanding PPT, whiteboard of measuring national national income income through the equation:C +I+G+(X-M).Circular flow of income L45 Output method and income method of measuring national income L45 Understanding PPT, whiteboard measuring national income through GDP and aggregation of total income in an economy

Lecture 46

Measuring National Income (Methods of measuring national Income)

R-3:4

Measuring National Income (Circular flow of national income)

R-3:4

L46 Expenditure method L 46 Understanding PPT, whiteboard of measuring national national income income through the equation:C +I+G+(X-M).Circular flow of income Three sector model of national income Understanding three sector model and its significance Understanding four sector model and its significance Step wise diagrammatic representation on whiteboard Step wise diagrammatic representation on whiteboard

Lecture 47

Measuring National Income(Three Sector model)

R-3:4

Measuring National Income(Four sector model)

R-3:4

Four sector model of national income

Lecture 48 Week 13 Lecture 49 Measuring National Income (Difficulties in measuring national income) Measuring National Income (Application/use of national income data) Monetary Policy and Fiscal Policy (Meaning and instruments) R-3:4

Quiz,Test,Presentation and Write Up3 Difficulties in measuring national income specifically in developing countries How national income measurements take place in developing countries caselets, PPT, whiteboard

Lecture 50

R-3:4

Uses of national income Understanding how data in various sectors of national income data is the economy actually used L51 Meaning of monetary policy L52-53 Instruments of monetary policy and their impact on the economy.L5455Meaning and instruments of fiscal policy and their use in economic stabilization L51-53 Understanding how monetary policy works and its relevance for India in the current scenario. L54-55 Student will understand the role of fiscal policy in economic growth and stabilization. L51-53 Examples from Indian monetary policy and impact on economy L54-55 examples of fiscal policy from Japan and US.

Lecture 51

R-3:29

Week 13

Lecture 52

Monetary Policy and Fiscal Policy (Meaning and instruments)

R-3:29

L51 Meaning of monetary policy L52-53 Instruments of monetary policy and their impact on the economy.L5455Meaning and instruments of fiscal policy and their use in economic stabilization L51 Meaning of monetary policy L52-53 Instruments of monetary policy and their impact on the economy.L5455Meaning and instruments of fiscal policy and their use in economic stabilization L51 Meaning of monetary policy L52-53 Instruments of monetary policy and their impact on the economy.L5455Meaning and instruments of fiscal policy and their use in economic stabilization L51 Meaning of monetary policy L52-53 Instruments of monetary policy and their impact on the economy.L5455Meaning and instruments of fiscal policy and their use in economic stabilization Discussion on monetary and fiscal policy variables and revision of basic concepts

L51-53 Understanding how monetary policy works and its relevance for India in the current scenario. L54-55 Student will understand the role of fiscal policy in economic growth and stabilization. L51-53 Understanding how monetary policy works and its relevance for India in the current scenario. L54-55 Student will understand the role of fiscal policy in economic growth and stabilization. L51-53 Understanding how monetary policy works and its relevance for India in the current scenario. L54-55 Student will understand the role of fiscal policy in economic growth and stabilization. L51-53 Understanding how monetary policy works and its relevance for India in the current scenario. L54-55 Student will understand the role of fiscal policy in economic growth and stabilization.

L51-53 Examples from Indian monetary policy and impact on economy L54-55 examples of fiscal policy from Japan and US.

Week 14

Lecture 53

Monetary Policy and Fiscal Policy (Meaning and instruments)

R-3:29

L51-53 Examples from Indian monetary policy and impact on economy L54-55 examples of fiscal policy from Japan and US.

Lecture 54

Monetary Policy and Fiscal Policy (Meaning and instruments)

R-3:29

L51-53 Examples from Indian monetary policy and impact on economy L54-55 examples of fiscal policy from Japan and US.

Lecture 55

Monetary Policy and Fiscal Policy (Meaning and instruments)

R-3:29

L51-53 Examples from Indian monetary policy and impact on economy L54-55 examples of fiscal policy from Japan and US.

Lecture 56

Monetary Policy and Fiscal Policy (Target variables and impact on economy)

R-3:29 31

In depth understanding Case study, PPT, of policy whiteboard instruments.Revision of concepts

SPILL OVER
Week 15 Lecture 57 Lecture 58 Lecture 59 Lecture 60 Spill Over Spill Over Spill Over Spill Over

Scheme for CA:

Component Quiz,Test,Presentation and Write Up

Frequency 2

Out Of 3 Total :-

Each Marks Total Marks 10 10 20 20

Details of Academic Task(s)

AT No. Objective Topic of the Academic Task Nature of Academic Task (group/individuals/field work Group Evaluation Mode Allottment / submission Week 5 / 12

Presentation and Write Up1

To encourage students to think analytically and correlate economic concepts with real life issues

Each group of students will be allotted a unique case study on managerial economics. Each student is mandatorily required to submit a short written report on the case. This will be followed by a group presentation on the case involving mandatory participation by all students.

Written report (submitted individually by each student before the presentation)-5 marks. Group presentation comprising 25 marks divided into: Introduction to presentation and overview-5 marks Understa 6 questions of 5 marks each thus comprising a total of 30 marks.

Test1

To encourage A mix of analytical and conceptual questions from Unit 1 and students to Unit 2 understand economic concepts and apply them in attempting analytical questions.This will help to prepare students for the mid term examination To refresh the 25 multiple choice questions will be asked from unit 1 to unit learning experience 5.The split of syllabus will be 30% before the mid term and 70% of students through after the mid term. the semester by testing the preciseness of their understanding and knowledge

Individual

5/5

Quiz1

Individual

25 questions of 1 mark or 2 marks each comprising a total of 30 marks.

12 / 12

Plan for Tutorial: (Please do not use these time slots for syllabus coverage)
Tutorial No. Lecture Topic Type of pedagogical tool(s) planned (case analysis,problem solving test,role play,business game etc)

Tutorial1 Tutorial2 Tutorial3 Tutorial4 Tutorial5 Tutorial6 Tutorial7

Demand analysis Numericals on elasticity of demand Indifference curves Numericals on short run production and short run cost Numericals on long run production and long run cost Determination and shifts in market equilibrium Doubt clearing and revision

Case Analysis Problem Solving Case Analysis Problem Solving Problem Solving Case Analysis Resolving doubts on numerical problems and graphical illustration of concepts

After Mid-Term
Tutorial10 Presentations on case studies allotted to students for AT 2.Discussion of real life examples on perfetc competition. Presentation on case studies

Tutorial11

Presentations on case studies allotted to students for Case Analysis,Presentation on case studies AT 2.Discussion on real life examples and current news on monopolistic competition. Presentations on case studies allotted to students for AT 2.Discussion on real life examples and illustrations on oligopoly. Perfect competition Monopoly and monopolistic competition Numerical problems on national income accounting Revision and doubt clearing Case Analysis,Presentation on case studies

Tutorial12

Tutorial8 Tutorial9 Tutorial13 Tutorial14

Case Analysis Case Analysis Problem Solving Resolving doubts on numerical problems and graphical illustration of concept