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Managerial Economics
Course Outcomes (COs)
CO1
The student should be able to understand role of management in engineering
CO4
The student should be able to understand and analyze competition and market structures
CO2
The student should be familiarized with various functions of marketing and market research.
CO5
The student should be able to perceive the concept of price determination
CO3
The student should be able to apply Law of demand and supply
CO6
The student should be able to perceive the concepts of demand forecasting and cost estimation
Assignments
Topics covered beyond syllabus
University Question Papers
Reference Materials
Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Nature & scope of ME
Factors affecting supply
Perfect competition
Concept of LPG
Imperfect competition
Elasticity of supply
Law of Demand
Relationship between science, technology & Engineering
Methods of Demand forecasting
Shifts in demand
Criteria of good demand forecasting
Elasticity of demand
Demand forecasting of a new product
Break-Even Analysis
Production function
Various market conditions
Monopolistic competition
Price determination
Inflation PPt***
Phases of business cycle
Investment decisions for boosting economy
Laws of return
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