Managerial Economics-Introduction Session

Lets start with your knowledge about

Your Course Instructor
Who is he (do you know)

Your class-section members

Your aspiration
Your knowledge about economics
About GIM/Goa
COURSE
CONTENT
 Theory of Consumer Behavior
 Demand and supply, market forces, market equilibrium, shifts in demand and supply
 Utility function, indifference curve, budget constraint, demand function, elasticity
 Economic cost analysis
 Opportunity costs, sunk costs, marginal costs, and economic costs
 Perfect competition and market equilibrium
 Short run and long run equilibrium, comparative statics, welfare analysis: consumer
surplus, producer surplus, and economic efficiency
 Pricing
 Basic monopoly pricing
 Price discrimination, market segmentation, two-part tariff, quantity discount, versioning
and bundling, dynamic pricing
 Market power and policy
 Economies of scale and economies of scope, market power
 Strategic Interaction
 Strategies and payoffs, dominant and dominated strategies, Nash equilibrium
 Asymmetric information
Externalities and network effects
 Session Tentative Date
Topic CLO Mapped
No.
 1  Introduction  1  
 2 The Nature of Utility Function   1  
 3 Indifference Curves   1  
4 Marginal Rate of Substitution  1  
5 Budget Constraint, Maximization of Utility 1  
6 Price Effect, Income Effect and Substitution 1  
Effect
7 Demand Functions 1  
Session Plan

8 1  
Elasticity
9 1  
10 Demand and Supply 1, 2  
11  
Economic Cost Analysis 1
12  
13  
Competitive Markets 1
14  
15 Monopoly Pricing 1, 2  
16  
Advanced Pricing 1, 2
17  
18 Market Power and Policy 1, 2  
19  
Strategic Interaction 1, 2
20  
21 Asymmetric Information 1, 2  
22 Externalities and Network Effects 1  
23-24 Recap / Presentation NA  
EVALUATION COMPONENTS

Class Participation 10%

Mid Term Examination 30%
Group Project 30%
End Term Examination 30%
REFERENCE BOOKS
 
Text Book:
 
Baye, M. (2017). Managerial Economics and Business Strategy (8th Edition). New York, NY: McGraw-Hill
(Hereafter mentioned as “BM”)
  Click to add text
Reference Book:
 
Pindyck, R., & Rubinfeld, D. (2018). Microeconomics (8th Edition). New York, NY: Pearson. (Hereafter
mentioned as “PR”)
Your doubts and questions:
Please let me know if your have any or some
Regarding the course
Your course instructor
Rule of the game
• Indiscipline, casual and insensitive approach not preferred.
• Genuine efforts are rewarded.
• Excuse, shows your level of interest and importance of the matter

Final Words
I am here to help you learn and improve in whatever way possible.
I feel learning is joyful and goes to our day to day life.

Closing Words
Can we make the section the best performer in all walks.
Do I have your words!