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Unit I
Introduction to Managerial Economics and Fundamental Concepts a. Nature, Scope and Significance of Managerial Economics b. Synthesis of Micro Economics c. Macro Economics and Quantitative Analysis d. Key Economics Concepts for Managerial Decisions: Scarcity of Resources e. Opportunity Cost f. Time Value of Money, g. Concept of Margin and Increment h. Production Possibilities Curve i. Discounting Principle j. Theory of Firm: Profit Maximization, Revenue Maximization, Growth Maximization k. Managerial Utility Maximization l. Satisficing Behaviour of Firm m. Market Equilibrium and Price Mechanism
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Which semester is Managerial Economics taught in for BBA LLB?
Managerial Economics (LLB 117) is a semester 1 subject in the IPU BA/BBA LLB Integrated BBA LLB (Hons.) (BBA LLB) curriculum.
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