SESSION PLAN COURSE: MANAGERIAL ECONOMICS COURSE CODE: SLEC501

Session
1 2 3+4 5 7+8 9+10

Topic
Introduction to MicroEconomics Role of Government in an economy Consumer Behavior CLASS TEST Demand Analysis Consumer & Producer Surplus Effect of Taxes on supply and demand CLASS TEST Production Analysis Cost Analysis

Subject coverage/ Case

Objectives / scope / relevance Case: Switzerland, Cuba and India Choice and Utility theory CLASS TEST Indifference Curves & Elasticity Need and measurementCase:Tata Nano Case: Small peek into Big Bs car collections Discussion with real life situation. CLASS TEST Production function and least cost configurations Different Cost and cost curves MID TERM EXAM Different Cost and cost curves Case: Gujarat Ambuja: Cost Leader Objective of business firms and market structures Perfect Completion Case: Perfect Competition under EBay

Expected to / will learn to:

Familiarize yourself with course contents/ readings/ schedules/classroom rules etc Economic role of government + Invisible Hand+ Problems faced by every economy How individuals make preferences / Understanding demand curves CLASS TEST How change in price will affect household consumption basket Lessons from present day India

11

How burden of taxation is shared among consumers and producers. Best input combinations for profit maximization Factors affecting cost long and short run Factors affecting cost long and short run Introduction to different kind of market structures Understanding price and output determination under perfect comptetion. Working of agricultural and

12 13+14 15

16+17

Cost Analysis (contd.) Theory of firms Market Structures

18 19

20 21+22

CLASS TEST Market Structures

CLASS TEST Monopoly Case : Microsoft Antitrust

23+24+25 Market Structures

26

Pricing Practices

27+28 29 30

Game Theory CLASS TEST Review/ Real Life Case Discussion

Imperfect Competition Monopolistic completion/oligopoly Case OPEC (A+B) Cartel Economics Pricing approaches and strategies Case: Domestic Airlines in India Asymmetric Information CLASS TEST Set of small cases will discussed

stock markets CLASS TEST Different kind of monopoly Understanding price and output determination under monopoly. Differential Pricing. Understanding price and output determination under imperfect competition Understanding different pricing techniques Insurance, second-hand cars market etc CLASS TEST Discussion

FINAL EXAMINATION Pre mid-semester internal evaluations ie CEC-1 and CEC-2 would carry a weight of 5% and 10% respectively. Mid semester evaluations CEC-3 would carry a weight of 20%. Post mid-semester internal evaluations ie CEC-4 and CEC-5 would carry a weight of 5% and 10% respectively. Syllabus for evaluation components would be cumulative in nature. End semester exam would carry a weight of 50%. Minimum attendance of 80% is strongly advocated to ensure good performance in the internal evaluations. KINDLY NOTE THAT THERE WOULD BE NO MAKE-UP EXAMS UNDER ANY CIRCUMSTANCE.