The Perfect Study Guide to Managerial Economics I

This part of the semester guide includes all the topics/chapters covered in Managerial Economics-1 and the necessary tips for you to clear Managerial Economics-1 with ease.

Commerce students might find Managerial Economics-1 a little easy as the syllabus of this subject is very familiar to what they had in HSC (12^TH) for Economics. Students from other streams may also find it a cake walk if they attend regular lectures coz’ Managerial Economics-1 is very basic, it contains a LOT many diagrams and graphs which is easy to understand if you study the concepts well.

Try Referring:

• Sheth Publications
• Rishabh Publication
• HSC (12^TH) – Economics

Syllabus:

UNIT – I MANAGERIAL ECONOMICS

• Meaning and Scope of Managerial Economics
• Demand Analysis and Law of Demand
• Elasticity of Demand
• Consumer Surplus
• Supply Analysis and Supply Function
• Elasticity of Supply

UNIT – II PRODUCTION FUNCTION

• Product and Production
• Cost Concept
• Revenue

UNIT – III MARKET STRUCTURE -1

• Market Structure
• Price determination under Perfect Competition
• Price determination under Monopoly

UNIT – IV MARKET STRUCTURE – 2

• Price determination under Oligopoly
• Price determination under Perfect Monopolistic Competition
• Price policies and practices

Tips:

• Try to by-heart every diagram and graph, this could add up as extra brownie points in your exam.
• Have all the concepts clear in your mind.
• Refer the HSC (12^TH) – Economics text, in order to study all the terms and definition in detail. There might be chances of few vague terms and definitions in other publications, at such a point, study from the HSC text.

ALL THE BEST! 🙂