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Managerial Economic

Chapter I

Theory of Pricing
1.1	The Theory of Demand
1.2	Market Demand
1.3	Derived Demand and Autonomous Demand
1.4	Determinants of Demand
1.5	The Demand Curve
1.6	The Demand Function
1.7	The Price Elasticity of Demand (ed)
1.8	Income Elasticity of Demand (em)
1.9	Cross Price Elasticity
1.10	The Theory of Supply
1.11	The Equilibrium Point
	Summing Up
	Self-assessment

Chapter II

The Theory of Production

2.1

Revenues

2.2.1

Total Revenue (TR)

2.2

Marginal Revenue (MR)

2.3

The Production Function

2.4

Isoquant

2.5

Least Cost Combination of Inputs

2.6

Profit Maximisation

2.7

Productivity of the Factors

2.8

Returns to Scale

Summing Up

Self-assessment

Chapter III

Cost Analysis of a Firm
3.1	Introduction
3.2	Short Run Cost
3.3	Long Run Cost
	Summing Up
	Self-assessment

Chapter IV

Markets

4.1

Types

4.2

Perfect Competition

4.3

Imperfect Competition

4.3.1	Monopoly
4.3.2	Monopolistic Competitive Market
4.3.3	Oligopolistic Market

Summing Up

Self-assessment

Chapter V

Price Discrimination
5.1	Introduction
5.2	Types of Price Discrimination
5.3	First-Degree Price Discrimination
5.4	Second-Degree Price Discrimination
5.5	Third-degree Price Discrimination
	Summing Up
	Self-assessment

Chapter VI

Capital Budgeting
6.1	Introduction
6.2	Expenditures
6.3	Investment Plan
6.4	Average Rate of Return
	Summing Up
	Self-assessment

Chapter VII

National Income

7.1

Introduction

7.2

Circular Flow of Income

7.3

Some General Concepts

4.3.1

Productive Activities and Transfer Payments

7.4

Intermediate and Final Goods

7.5

Consumer Goods and Producer Goods

7.6

Concept of Value Added

7.7

Stocks and Flows

7.8

What do We Mean by Depreciation?

7.8.1

Is Obsolescence the Same as Depreciation?

7.9

Domestic Product VS National Product

7.10

Real GDP and Nominal GDP

7.10.1

GDP Deflator

7.11

Consumer and Producer Price Indexes

7.12

Current Prices and Constant Prices

7.13

Factor Cost and Market Prices

7.14

Mixed Income of the Self-employed

7.15

Operating Surplus

7.16

Domestic Factor Income

7.17

Statistical Discrepancy

7.18

The Three Methods of Measuring National Income

7.18.1	Net Output Method
7.18.2	Income Method
7.18.3	Expenditure Method

7.19

Gross Domestic Product

7.20

GNP as a Measure of Economic Welfare

Summing Up

Self-assessment

Chapter VIII

Economic Policies

8.1

Introduction

8.2

Fiscal Policies

8.2.1

Explanation

8.3

Fiscal Policy in Developing Countries

8.4

Fiscal Policy of India (2005-06)

8.5

Monetary Policies

8.5.1

Explanation

Summing Up

Self-assessment

Chapter IX

Inflation

9.1

Introduction

9.1.1	Structural Inflation
9.1.2	Cost Push Inflation
9.1.3	Demand Pull Inflation
9.1.4	Stagflation

9.2

The Inflationary Gap (Measure of Inflation)

9.3

The Phillips Curve of Inflation

9.4

Anti-inflationary Policies

9.5

Monetary Policy

9.6

Fiscal Policy

Summing Up

Self-assessment

Chapter X

Theory of Growth

10.1

Introduction

10.2

Poverty

10.3

Distribution of World Income Lorenz Curve and Gini coefficient

10.4

Theories of Underdevelopment

10.4.1	Nurkse’s Vicious Circle of Poverty
10.4.2	Dualism and the Theory of Cumulative Causation
10.4.3	Lewis Model based on Dualism

Summing Up

Self-assessment

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