Devlina Chatterjee
Assistant Professor
Industrial and Management Engineering
IIT Kanpur, 208016
devlina@iitk.ac.in
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MBA606
Economic Analysis for Management
Course Syllabus
Semester: 2013 Spring
Timings: M Th, 10:35 – 11:50 am
Classroom: New IME Building – Room C5
Instructor: Dr. Devlina Chatterjee, Room 211, IME Building
Ph: 259 6960 (Office)
Email: devlina@iitk.ac.in (Please always write MBA606-2013 in the subject line)
Objective of the course:

The objective of this course is to provide students with an economic framework for managerial decision making.
 
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.
 
Text Book:
Managerial Economics – Principles and Worldwide Applications, 6 th Ed. Dominick Salvatore Ravikesh Srivastava
 
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
Evaluation scheme:
Attendance, class participation, surprise quizzes - 15%
Case studies – assignments - 15%
Mid-term exam - 30%
Final exam - 40%
Topics to be covered:
  1. Nature and Scope of Managerial Economics
  2. Market forces of supply and demand
  3. Marginal analysis, optimization techniques
  4. Theory of consumer behavior
  5. Elasticity and demand
  6. Demand estimation and forecasting
  7. Production and cost analysis in the short run
  8. Production and cost analysis in the long run
  9. Theories of competition – Perfect Competition and Monopoly
  10. Monopolistic competition and Oligopoly
  11. Game Theory and Strategic Behavior
  12. Alternative pricing practices
  13. Decisions under risk and uncertainty
  14. Government regulation of business
  15. Some Macroeconomic Concepts