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.

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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 (12TH) 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 (12TH) – 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 (12TH) – 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! 🙂

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