Syllabus of University of Pune BHMCT Semester VIII-MANAGERIAL ECONOMICS

Subject - MANAGERIAL ECONOMICS
Subject Code - 804
Semester - Eighth
Teaching and Examination Scheme:

Chapter 1 Nature & Significance of Managerial Economics 04 10
1.1 Meaning, Features & Significance
1.2 Functions of Managerial Economist
Chapter 2 Basic Terms used in Economics 06 10
2.1 Micro & Macro Economics
2.2 Problem of Scarcity – Lionel Robbins Definition of
Economics
2.3 Economic Tasks – Production & Distribution
2.4 Economic Entities – Household & Firm
2.5 Distinction between Plant, Firm & Industry.
Chapter 3 Demand Analysis 8 10
3.1 Meaning, Types & Determinants of Demand
3.2 Meaning & Determinants of Individual & Market
Demand
3.3 Demand Function & Demand Schedule
3.4 The Law of Demand
Chapter 4 Theory of Consumer Demand 8 10
4.1 Utility - Meaning & Types
118
4.2 The Law of Diminishing Marginal Utility
4.3 The Law of Equi-Marginal Utility
Chapter 5 Elasticity of Demand 8 08
5.1 Concepts, Kinds & Types
5.2 Measurement of Price Elasticity Demand
Chapter 6 Production Analysis 10 08
6.1 Concepts & Attributes
6.2 The Law of Variable Proportions
6.3 The Law of Returns to Scale
Chapter 7 Supply Analysis 10 08
7.1 Meaning & Determinants of Supply
7.2 The Law of Supply
7.3 Elasticity of Supply- meaning, measurement & factors
affecting elasticity of Supply
Chapter 8 Types of Market 10 06
8.1 Meaning & Classification of Market Structure
8.2 Types of Market Structures Formed by the Nature of
Competition

Reference Books :
1. Economics for Hotel & Catering Students – By Howard & Hugle
2. Introduction to Economics
3. Managerial Economics - Jean

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