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    Mib Ist Semester Lesson Scheme 2011

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    Arjun Mahajan
    This document provides an overview of an economics course for managers. It outlines the course objectives, which are to apply microeconomic and macroeconomic principles to managerial decision-making. The methodology includes lectures, case studies, and problem solving. Students will be assessed through quizzes, class participation, a group project and presentation, and a final written exam. Topics will include demand and production theory, costs, market structures, pricing, and macroeconomic measures and policies. Recommended readings and websites are also provided.

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    Mib Ist Semester Lesson Scheme 2011

    Uploaded by

    Arjun Mahajan
    25 views4 pages
    This document provides an overview of an economics course for managers. It outlines the course objectives, which are to apply microeconomic and macroeconomic principles to managerial decision-making. The methodology includes lectures, case studies, and problem solving. Students will be assessed through quizzes, class participation, a group project and presentation, and a final written exam. Topics will include demand and production theory, costs, market structures, pricing, and macroeconomic measures and policies. Recommended readings and websites are also provided.

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    This document provides an overview of an economics course for managers. It outlines the course objectives, which are to apply microeconomic and macroeconomic principles to managerial decision-making. The methodology includes lectures, case studies, and problem solving. Students will be assessed through quizzes, class participation, a group project and presentation, and a final written exam. Topics will include demand and production theory, costs, market structures, pricing, and macroeconomic measures and policies. Recommended readings and websites are also provided.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    25 views4 pages

    Mib Ist Semester Lesson Scheme 2011

    Uploaded by

    Arjun Mahajan
    This document provides an overview of an economics course for managers. It outlines the course objectives, which are to apply microeconomic and macroeconomic principles to managerial decision-making. The methodology includes lectures, case studies, and problem solving. Students will be assessed through quizzes, class participation, a group project and presentation, and a final written exam. Topics will include demand and production theory, costs, market structures, pricing, and macroeconomic measures and policies. Recommended readings and websites are also provided.

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    MIB Ist SEMESTER PAPER 513 ECONOMICS FOR MANAGERS Instructor: Dr Sumati Varma Contact: varmasumati@yahoo.co.

    in Course description This course is designed for MBA students and seeks to integrate various principles and concepts from different fields of economics with typical problems of managerial decision-making and policy formulation in business organizations whether in a local or global context Course Objectives Economic forces are a fundamental determinant of firms profitability and growth, and economic thinking should be a fundamental influence in nearly every managerial decision. In this course, we will examine the principles of microeconomics and macroeconomics, and illustrate how they apply to managerial decision-making. At the end of this course the student will be able to : Use the theory of the firm to model business organizations Apply demand theory to establish the elasticity of demand Use demand estimation to forecast demand trends and change Apply production theory to manage production Use cost theory to establish short and long run behavior Describe market structures to establish market equilibrium Use game theory to decide on strategies Use pricing strategies to enable organizational coherence Carry out investment analyses to manage assets and capital Use macroeconomic principles to address market failures Methodology Class sessions comprise a mixture of lectures, interactive discussions, case studies, case presentations, and problem solving. The two hours of class are divided into two sessions, the first one outlines the application of economic principles and theories to managerial issues and concerns through lectures and interactive discussions, whereas the second one is devoted to presenting cases, discussing cases in addition to solving economic problems.
    Assessment Internal Assessment (30%) Individual grades are assigned in accordance with performance on quizzes, attendance and participation in class discussions, presentation and the project/case analysis, and NOT on any other basis.

    Attendance and class participation (5 +5 marks)* * 10 marks will be for attendance and will be given as follows: 10 marks if the student attends all 22 classes 8 marks if the student attends 21 classes 6 marks if the students attends 20 classes 4 marks if the student attends 19 classes

    2 mark if the student attends 18 classes 0 mark if the student attends less than 18 classes. Five marks are for participation in class discussions. Students are expected to participate in the discussion regularly. Marks will depend on the frequency and quality of discussion/presentation. Class participation marks will get reduced if you miss classes. Practical Project and Presentation (10 +10 marks): This will be a practical project to be done in a group. Carefully read the instructions given below: Choose a project topic relevant to the subject you could focus on any issue from either microeconomics or macroeconomics. The project will be done in a group, followed by a presentation and a viva. All members are expected to contribute and will be individually quizzed. Free riding and disputes within the group will be viewed negatively. The criteria for assessment is Relevance of topic and content Enterprise, initiative and ZING something new, something different !!! Team Work and team spirit (actual and exhibited) At the end of the semester the project has to be submitted as both a hard copy and soft copy. Written Examination (70%) There will a written examination as per the rules of the University. Assessment Guidelines: Students are assessed in the following manner: Presentations (20 min): case study team presentations set at particular dates: students are assessed on their ability to work as team to prepare and present in a meaningful and formal manner the application of economic principles on managerial issues. Mid-course test (75 min): commentaries i.e. 2-4 questions to be answered in a brief and concise manner; students are assessed on their ability to write briefly and precisely about economic principles and theory (chapters 1-7). End-of-course examination: The examination may consist of essay-type questions, objective-type questions, numerical problems and short answer questions. Attendance: constructive participation and regular presence in all lectures; students are assessed on their ability to commit themselves to studying managerial economics. Attendance & Class Participation You are expected to be on time and in attendance for the duration of the class. It is essential for the success in the course that you read the text material, cases and any assigned reading before the class meeting to which they pertain and participate in class discussions. Recommended Readings: 1. Salvatore, Dominic, Managerial Economics in a global Economy, Thomson South Western.

    2. Craig, P.H and Cris Lewis Managerial Economics, Prentice Hall of India Pvt Ltd. 3. Koutsyannis, A Modern Micro Economics, Macmillan Press Ltd, 1998. 4. Samuelson P and Nordhaus , Economics Tata McGraw Hills. 5..Froyen, Richard T Macroeconomics: Theory and Practice, 6th edn, Pearson Education. 6. Abel, Andrew.B and Ben S Bernanke: Macroeconomics, 4th edn, Pearson Education. 7. Artis, M.J Macroeconomics, ELBS, Oxford University Press. Supplementary readings will be furnished to the students from time to time and form part of the curriculum for the exam. Interesting Websites: www.pkarchive.org www.economistsview.typepad.com http://luiscabral.org

    Course Schedule Topic Introduction, Theory of the firm Theory of Demand Elasticity of Demand Demand Forecasting Theory of Production Theory of Production Cost Function/ Laws of Return Cost and Production / Estimation Market Structures- Pure and Perfect Competition Monopolistic Competition, Monopoly Oligopoly and Bi-lateral Monopoly Pricing Practices Elements of Factor Pricing REVISION Introduction to Macro Economics Measuring Macro Variables Classical Macro Economics Equilibrium output and employment Classical Economics Money, Prices and Interest Rates Keynesian View- Aggregate demand and Supply Balance of Payments

    Fiscal, Monetary and Exchange Rate Policies Contemporary Exchange Rate Systems Currency Convertibility Open Economy Macroeconomics Contemporary issues in a changing world order The Indian Economy REVISION Hope we all have a happy learning semester

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