Managerial Economics

Exam pattern Answer any 5 out of 8 questions

1. Economics
Choice
Scarcity
PPC (Production Possibility Curve)
Discounting
Managerial Economics Nature Scope

2. Demand
Supply
Equilibrium
Demand Estimation

3. Costs
Money, Real, Total, Average, Marginal, Opportunity, Fixed, Variable, Sunk, Explicit, Implicit,
Why cost curve are U shape
Economic scale

4. Productive law of Increasing, Decreasing, ISO Increasing, Decreasing, Constant

ISO cost & ISO Quant
How a firm can produce a optimum level of output at least cost using both this concept.

5. Market & Market Failures & how to deal with it.

6. Perfect Competition
7. Determination of Price & Output under perfect competition
8. Monopoly, Sources of monopoly, features, effects, determination of price and output under
monopoly,
How to control or check monopoly, Degrees of monopoly.

9. Oligopoly
10. Profit maximization, Hypothesis & Alternatives,
Functions of profit
Distinguish between Economic Profit and Accounting Profit
Pricing Strategy
Trade Cycle Ups and Downs in level of economics
Break Even Point.