MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHzLanguage: English | Size: 686 MB | Duration: 1h 47m
Business Economics & its Related Theory
What you'll learn
Theoretical concepts of Economics that are related to life
Requirements
12th Pass
Description
Unit –I
Elasticity of Demand; Concept and measurement of Elasticity of Demand; Deteant of elasticity of demand; Importance of
elasticity of demand.
Unit –II
Production Function ; Law of variable Proportion; Iso-quant; Economics region and optimum factor combination ; Expansion path
Return to Scale; Internal & External economics and diseconomies; ridge lines.
Theory of costs: Short run and long run curves – traditional and modern approaches.
Unit – III
Market Structure – I
Market Structure and Business Decision : Objective of a business firm.
a) Perfect Competition : Profit maximization and equilibrium of firm and industry; Short – run and long run supply curves; Price
and output deteation.
b) Monopoly: Deteation of price under monopoly; Equilibrium of a firm; Compression between perfect competition and
monopoly; Price discrimination.
Unit – IV
Market Structure – II
a) Monopolistic Competition ; Meaning and characteristics: Price and output deteation under monopolistic competition;
Product Differentiation
b) Oligopoly : Characteristics indeteate pricing and output; Classical models of oligopoly: Kinked demand curve
Unit – V
Factor Pricing – I : Maal Productivity theory and demand for factor: Nature of supply of factors inputs: Deteation of wage
rates under perfect competition and monopoly ; Exploitation of labour.
Factor Pricing – II : Rent concept, Recardian and modern theories of rent Quasireant Interests-concepts and theories of interest; Profit
nature, concepts and theories of profit.
Who this course is for
11th, 12th, BBA, BCom, MBA
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