HS 457 : Managerial Economics

Nature and scope of Managerial Decisions.  Objectives of firms.  Techniques of analyses with special reference to econometric method.

Analysis of demand pattern - demand forecasting.  Production function and production planning - cost and product relationships - cost function.  Break-even-point analysis.

Pricing and price related policies.  Labour productivities and wages.

Optimization problems.

Introductory aspects of capital budgeting.  Selected case studies under Indian conditions.

Texts/References

A.S. Goldberger, Topics in Regression Analysis, Macmillan, 1969.

W.W. Haynes, W.R. Henry, Managerial Economics - Analysis and Cases, Business Publications, Ind., Third Edition, 1974.

V.L. Mote, S. Paul, G.S.Gupta, Managerial Economics - Concepts and Cases, Tata McGraw-Hill Publishing Co. Ltd., 1977.

T.V.S.R. Rao, Econometric Analysis of Managerial Decisions, Oxford and IBH, 1978.

O.P. Chopra, Managerial Economics, Tata McGraw-Hill Publishing Co. Ltd., 1984.