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Course Plan
Course Name Managerial Economics
Course Objectives To introduce the concepts of scarcity and efficiency; to explain principles
of micro economics relevant to managing an organization; to describe
principles of macroeconomics to have the understanding of economic
environment of business.
CO1- To introduce the concepts of scarcity and efficiency
Course Outcomes
CO2 - To explain principles of microeconomics relevant to managing an
organization
CO3 - To describe principles of macroeconomics
CO4- To have the understanding of economic environment of business.
CO5- To study about the policies that regulate economic variables
References:
References/Resources/
Paul A. Samuelson, William D. Nordhaus, Sudip Chaudhuri and
Teacher Preparation Anindya Sen, Economics, 19th edition, Tata McGraw Hill, New
Delhi, 2011
No. of
Lectures & Activities Time Limit
Units Name of the topics
Tutorials
Required
L1 The themes of economics – Activity-1: Scarcity game. 30 minutes
scarcity and efficiency Assignment 1: Write a
L2 three fundamental economic report on transport 1 Day
problems – society’s capability –
sector’s scarcity and
L3 Production possibility frontiers
(PPF) efficiency
L4 Productive efficiency Vs Assignment 2 : 1.Why
economic efficiency – do the wages grow
economic growth & stability –
L5 Micro economies and Macro so slowly
economies compared to
L6 the role of markets and productivity?
government 1 Day
Total L7 Positive Vs negative 2.The quality of
Lectures=7 externalities living: the biggest
1 T1 PPF economic
Total T2 Micro & Macro economics
Tutorials=2 challenges of the
past decade
Case Study 1: Productive
Efficiency case study:
(of HP) 30 minutes
Case Study 2:
PPF case of efficiency
(Amore frozen foods) 30 minutes
Video:
PPF: Economic Lowdown
by Federal reserve
Bank of St.Louis