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LO-1
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will able to define and explain Managerial Economics, the basic concepts and variables in Managerial Economics and their relations |
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LO-2
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analyse consumer equilibrium |
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LO-3
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will able to analyse demand and supply |
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LO-4
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will able to obtain and interpret elasticities and use elasticities in firm’s pricing policy. |
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LO-5
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will able to define costs of production and short and lung run cost functions |
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LO-6
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will able to define market, categorize markets and analyse decisions of the firms operating in markets with different structures |
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LO-7
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will able to carry out risk analysis in decision making. |