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Foundation Course in Managerial Economics

Indian Institute of Technology, Kharagpur via NPTEL

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Overview

This course is developed to teach modern microeconomic theory to understand the behavior of household, firms and their interaction under different market structure. The purpose of this course is to provide students with a basic understanding of economic theory that can be used in managerial decision making problems within various organizational settings such as a firm or a government agency. Objective is to develop a good understanding of economic concepts and tools that have direct managerial applications.

 

Syllabus

Week 1: Introduction, Demand and Supply.

Week 2: Elasticity of demand and supply.

Week 3: Government intervention and efficiency.

Week 4: Producer theory and cost curves.

Week 5: Market structures and perfect competition.

Week 6: Monopoly and histology images.

Week 7: Monopolistic competition

Week 8: Oligopoly

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