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    1. The document defines economics and discusses key economic concepts like goods, utility, value, wealth, and factors of production. It also covers basic economic principles such as demand, supply, elasticity, and different market structures. 2. Various forms of business organization are outlined along with different sources of financing like debt, equity, and government support. Tools for financial analysis like the balance sheet, income statement, and funds flow statement are also mentioned. 3. Cost analysis and different types of costing approaches are reviewed. Pricing practices and methods for evaluating project profitability such as IRR, payback period, and net present value are defined.

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    1. The document defines economics and discusses key economic concepts like goods, utility, value, wealth, and factors of production. It also covers basic economic principles such as demand, supply, elasticity, and different market structures. 2. Various forms of business organization are outlined along with different sources of financing like debt, equity, and government support. Tools for financial analysis like the balance sheet, income statement, and funds flow statement are also mentioned. 3. Cost analysis and different types of costing approaches are reviewed. Pricing practices and methods for evaluating project profitability such as IRR, payback period, and net present value are defined.

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    6 views1 page

    Economics

    Uploaded by

    sugidreamz
    1. The document defines economics and discusses key economic concepts like goods, utility, value, wealth, and factors of production. It also covers basic economic principles such as demand, supply, elasticity, and different market structures. 2. Various forms of business organization are outlined along with different sources of financing like debt, equity, and government support. Tools for financial analysis like the balance sheet, income statement, and funds flow statement are also mentioned. 3. Cost analysis and different types of costing approaches are reviewed. Pricing practices and methods for evaluating project profitability such as IRR, payback period, and net present value are defined.

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    Download as DOCX, PDF, TXT or read online from Scribd
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    BASIC ECONOMICS 15

    Definition of economics - nature and scope of economic science - nature and scope of managerial economics basic terms and concepts - goods - utility - value - wealth - factors of production - land - its peculiarities - labour economies of large and small scale - consumption - wants - its characteristics and classification - law of diminishing marginal utility - relation between economic decision and technical decision - Demand - demand schedule - demand curve - law of demand - elasticity of demand - types of elasticity - factors determining elasticity - measurement - its significance - supply - supply schedule - supply curve - law of supply - elasticity of supply - time element in the determination of value - market price and normal price - perfect competition monopoly - monopolistic competition 2. ORGANISATION AND FINANCING 15

    Forms of business - proprietorship - partnership - joint stock company - cooperative organisation - state enterprise - mixed economy - money and banking - banking - kinds - commercial banks - central banking functions - control of credit - monetary policy - credit instrument - Types of financing - Short term borrowing - Long term borrowing Internal generation of funds - External commercial borrowings - Assistance from government budgeting support and international finance corporations - analysis of financial statement Balance Sheet - Profit and Loss account - Funds flow statement 3. COST ANALYSIS 10

    Types of costing traditional costing approach - activity base costing - Fixed Cost variable cost marginal cost cost output relationship in the short run and in long run pricing practice full cost pricing marginal cost pricing going rate pricing bid pricing pricing for a rate of return appraising project profitability internal rate of return pay back period net present value cost benefit analysis feasibility reports appraisal process technical feasibility- economic feasibility financial feasibility 4. BREAK EVEN ANALYSIS 5

    Basic assumptions break even chart managerial uses of break even analysis

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