MBA606
Economic Analysis for Management
Course Syllabus |
| Semester: |
2017 Autumn |
| Timings: |
M Th, 10:30 am – 11:45 am |
| Classroom: |
New IME Building – Room C5 |
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| Instructor: |
Dr. Devlina Chatterjee, Room 211, IME Building
Ph: 259 6960 (Office)
Email: devlina@iitk.ac.in (Please always write MBA606-2017 in the subject line) |
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Objective of the course:
The objective of this course is to provide students with an economic framework for managerial
decision making.
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Course Description:
Managerial economics refers to the application of economic theory and analytic tools of decision
sciences to understand how firms take optimal decisions when faced with several constraints. The emphasis in this
course will be on demand analysis and estimation, production and cost analysis under different market conditions,
forecasting and decision making under uncertainty. Some basic macroeconomic concepts will also be discussed. |
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Text Book:
Managerial Economics – Principles and Worldwide Applications, 6
th
Ed.
Dominick Salvatore Ravikesh Srivastava |
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Additional References:
- Managerial Economics, 9th
Ed. Christopher R. Thomas and S. Charles Maurice
- Managerial Economics, 7th Ed. Paul Keat, Philip Young
- Managerial Economics, Theory, Applications, and Cases, 7th
Ed. Allen, Weigelt, Doherty, Mansfield
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Evaluation scheme:
| Attendance, class participation, surprise quizzes |
- 10% |
| Case studies – assignments |
- 20% |
| Mid-term exam |
- 30% |
| Final exam |
- 40% |
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Topics to be covered:
- Nature and scope of Managerial Economics
- The basics of supply and demand
- Theory of consumer behavior
- Individual and market demand
- Production and cost analysis
- Profit Maximization and Competitive Supply
Mid-Sem
- Market Power: Monopoly and Monopsony
- Monopolistic competition and Oligopoly
- Game Theory and Strategic Behavior
- Introduction to Macroeconomics
- National Income
- Money and Inflation
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