INTERNATIONAL MANAGEMENT INSTITUTE COURSE OUTLINE: MANAGERIAL ECONOMICS PGDM 2013-15 INSTRUCTORS Dr. Rajeev Anantaram (ranantaram@imi.edu) Dr. Arnab Deb (arnab.deb@imi.edu) 1. COURSE DESCRIPTION In a scenario characterized by increasing uncertainty and competition‚ managers will be called upon to make increasingly complex decisions that will have a crucial bearing on the prospects of the firm they work for. Indeed‚ even Public Sector Undertakings (PSUs) are increasingly faced with the challenge
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Introduction to Economics and the Economy 1. Limits‚ Alternatives‚ and Choices © The McGraw−Hill Companies‚ 2009 IN THIS CHAPTER YOU WILL LEARN: 1 The definition of economics and the features of the economic perspective. 2 The role of economic theory in economics. 3 The distinction between microeconomics and macroeconomics. 4 The categories of scarce resources and the nature of the economizing problem. 5 About production possibilities analysis‚ increasing opportunity costs‚ and economic growth. 6
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Definition of managerial economics 7 1.2 Choice and opportunity cost 9 2.0 Basic concerns of economics 9 3.0.0 Theories of economics 12 3.1.0 The theory of demand 13 3.1.1 Tastes 14 3.1.2 Number of buyers 14 3.1.3 Income 14 3.1.5 Expectations 15 3.2 The theory of supply 16 3.3 The theory of production 16 3.4 The theory of price( in government) 17 3.5 The theory of consumer behaviour 17 3.5.1 Rational behaviour 17 3.5.2 Preferences 17 3.5.3 Budget constraint 18 3.5.4 Prices 18 4.0 Managerial Economics and Economic
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1. Jim & Co. produces a single product. It runs an advertising campaign it is sure will differentiate its product from their competitors by making it more attractive. Assuming that Jim & Co. are correct‚ what will happen to the demand for its product and what pricing strategy should it employ? a. Demand will become more elastic and they should lower the price. b. Demand will become more elastic and they should raise the price. c. Demand will become less elastic and they should lower the
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Economics chapter 2 Economics is the efficient allocation of the scarce means of production toward the satisfaction of human wants The central fact of economics is scarcity. Human wants are unlimited while resources are limited. Four economics resources: land‚ labor‚ capital and entrepreneurial ability The opportunity cost of any choice is the forgone value of the next best alternative. The production possibilities curve is a hypothetical model of an economy that produces only two products.
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PAPER ON EFFECTS OF MARKET STRUCTURE OF AN INDUSTRY ON THE CONDUCT AND PERFORMANCE OF A FIRM This paper provides an overview of telecommunications industry in Kenya and discusses how structure of the industry can affect the conduct of a firm within an industry and also explores how market structure and conduct of the firm affect the firm’s performance. It also offers some ideas regarding the future of the telecommunications sector in Kenya. Introduction Kenya ’s earliest telecommunications connections
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13. In June an investor purchased 300 shares of Oracle (an information technology company) stock at $20 per share. In August she purchased an additional 400 shares at $25 per share. In November she purchased an additional 400 shares‚ but the stock declined to $23 per share. What is the weighted mean price per share?(10%) ANS: $22.91‚ found by 14. The Bookstall‚ Inc.‚ is a specialty bookstore concentrating on used books sold via the Internet. Paperbacks are $1.00 each‚ and hardcover books are
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| | | d. 120‚ elastic | | Incorrect Marks for this submission: 0/1. Question 3 Marks: 1 The method of forecasting with leading indicators can be criticized for Choose one answer. | a. frequent revisions of data after original publication. | | | b. occasionally forecasting a recession when none ensues. | | | c. forecasting the direction of the economy but not the size of the change in economic activity. | | | d. All of the above | | Correct Marks for this submission: 1/1
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Assignment Business and Managerial Economics Teacher: Ellie Semsar Student Name: Robiul Islam Student ID: B0261DADA0410 Personal computers are very imperative in the current world of nowadays. Today‚ PCs hold fabulous consequence. Several numbers of us will be thrilled without a computer‚ as it becomes a part and parcel of our daily life. Computer becomes a significant tool for keeping archives. For computer data analysis become tremendously easy and we can do it now
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Lydia Robinson MT-445-02: Managerial Economics Unit 2 8.13.2013 1. Explain what would happen to equilibrium price and quantity in the market for Pepsi if the following occurred (be sure to indicate WHY it happens as well): a. The price of Coke decreases. If the price of Coke decreases and the price of Pepsi remains the same‚ Pepsi is now higher in price which will increase the quantity demand for Coke and the demand for Pepsi will fall down. If you
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