Download Business Economics Notes PDF for BBA, BCOM 2020. We provide complete business economics notes. Business economics study material includes business economics notes, business economics book, courses, case study, syllabus, question paper, MCQ, questions and answers and available in business economics pdf form.
Table of Contents
- 1 Introduction To Economics
- 2 Demand Analysis
- 3 Supply Analysis
- 4 Elasticity of Demand & Supply
- 5 Consumer Demand Analysis
- 6 Cost & Production Analysis
- 7 Cost and Revenue Analysis
- 8 Market Structure
- 9 Market Failure
- 10 Business Economics Tutorial
- 11 Business Economics Syllabus
- 12 Business Economics Questions and Answers
- 13 Business Economics PDF
- 14 Business Economics Notes
- 15 Business Economics Question Paper
- 16 Business Economics Books
Introduction To Economics
(Click on Article List to Read)
- What is Economics?
- Nature of Economics
- Scope of Economics
- What is Business Economics?
- Difference Between Micro and Macro Economics
- Laws of Economics
- What is Business Cycle?
- What is Inflation?
- What is Demand?
- Types of Demand
- Determinants of Demand
- Law of Demand
- What is Demand Schedule?
- What is Demand Function?
- What is Demand Curve?
- Demand Curve Shifts
- What is Supply?
- Determinants of Supply
- Law of Supply
- What is Supply Schedule?
- What is Supply Curve?
- Supply Curve Shifts
Elasticity of Demand & Supply
- Elasticity of Demand
- Price Elasticity of Demand
- Types of Price Elasticity of Demand
- Factors Affecting Price Elasticity of Demand
- Importance of Price Elasticity of Demand
- Income Elasticity of Demand
- Cross Elasticity of Demand
- Elasticity of Supply
Consumer Demand Analysis
- Utility in Economics
- Consumer Demand
- Law of Diminishing Marginal Utility
- Indifference Curve
- Demand Forecasting
- Methods of Demand Forecasting
- Criteria for Good Demand Forecasting
Cost & Production Analysis
Cost and Revenue Analysis
- Types of Cost
- Short Run Cost
- Long Run Cost
- Economies of scale and Diseconomies of Scale
- What is Revenue?
Business Economics Tutorial
We have also prepared the Business Economics Tutorial which is specifically designed for MBA student, who wants to learn Managerial Economics in MBA.
Business Economics Syllabus
Introduction to Business Economics: Basic concepts, Economic rationale of optimization, Nature and scope of business economics, Macro and Microeconomics, Basic problems of an economy, Marginalism, Equimarginalism, Opportunity cost principle, Discounting principle, Risk and uncertainty. Externality and trade-off, Constrained and unconstrained optimization, Economics of Information.
Theory of Utility: Theory of utility, cardinal and ordinal utility theory, law of diminishing marginal utility, law of Equimarginal utility, indifference curves, consumer equilibrium, consumer surplus.
Theory of Consumer Behaviour: The indifference curve approach: Meaning, definition, assumptions and properties of the indifference curve, consumers equilibrium, budget line.
Concept of Demand and Supply: Different concepts of demand, demand curve, Determinants of demand, Law of demand, Demand forecasting methods, Market equilibrium, Concepts of elasticity. Concept of supply, supply curve, Conditions of supply, Elasticity of supply, Economies of scale and scope.
Production and Cost Analysis: The production function, Short-run and Long-run production function, law of diminishing returns and returns to scale. Fixed, variable and other cost concepts, least cost-input combination, Relationship between production and cost.
Pricing in different Market Structures: Market, Types, Structures, Features, Price determination (long run and short run) in Perfect Competition, Monopoly, Monopolistic and Oligopoly markets, pricing strategies.
Business Economics Questions and Answers
- Define Business Economics.
- Discuss the nature and scope of Managerial Economics. What are the other related disciplines?
- Distinguish between Micro and Macro Economics.
- Is Managerial Economics a Positive or Normative Science? Discuss.
- Discuss different types, determinants, exceptions of demands.
- Discuss the concept, determinants of supply.
- What do you understand by the law of supply and exceptions to the law of supply?
- Describe total utility and marginal utility.
- Explain the meaning of indifference curve and list its properties.
- Explain the concept of price, income, cross elasticity of demand.
- Describe the steps and criteria in demand forecasting.
- Explain the law of diminishing returns.
- Explain the concept of cost and discuss various types of costs.
- Write a short note on pure, perfect, monopolistic, oligopoly competition.
- Explain the causes of market failure.
Business Economics PDF
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Business Economics Notes
What is Business Economics?
Business Economics Definition: It is that branch of knowledge in which theories of economics analysis are used for solving business management problem and determination of business policies.
Business Economics Objectives
- To expose students of Commerce to basic Micro Economics Concepts and inculcate and the analytical approach to the subject matter.
- To stimulate the student’s interest by showing the relievable and use of various economic theories.
- To apply economic reasoning to problems of business.
Business Economics Question Paper
It will help you to understand question paper pattern and type of business economics question and answer asked in bba, bcom business economics exam. You can download the syllabus in business economics pdf form.
Business Economics Books
Below is the list of business economics book recommended by the top university in India.
- Ahuja H.L. Business Economics. S.Chand and Co.New Delhi.
- Koustsoyianni. A Modern Micro Economics. Macmillan New Delhi.
- D.M. Mithani, G.K.Murthy. Fundamentals of Business Economics, Himalaya Publishing House, New Delhi.
- R.Kaweri. Managerial Economics. S.Chand and Co.New Delhi.
- G.N.Zambre. Business Economics. Pimplapure Publishers Nagpur.
Below is the top business economics book that can be bought from Amazon.
- Author: P.L Mehta
- Publisher: Sultan Chand and Sons, (2014)
- Amazon Bestsellers Rank: #102 in Economic Policy & Development
- Customer Rating: 3 out of 5
- Publisher: Pearson Education; 6th ed.
- Amazon Bestsellers Rank: #1567 in Management
- Customer Rating: 3.8 out of 5
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