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SEMESTER – II
BUM-C-215
Title: Managerial Economics (MEC)
Course : 5 BUM-C-215 Managerial Economics (MEC) 

(Max. Hour- 15)
UNIT – I Concept of Techniques – Nature of business decision-making, marginal analysis, optimization; Theory of Demand – demand functions, income and substitution effects, revealed preference approach and demand forecasts; Production and Cost-returns to scale, cost curves, break-even analysis;

First Mid Semester Examination Contents Date of Exams. Maximum Marks
Unit One Only 22-24 Jan. 2014 12 Marks
(Max. Hour- 15)
UNIT – II Theory of firm – profit maximization, sales maximization, organizational stack, ownership and control; Market Structure – competition, monopoly, oligopoly, non-price competition;

Second Mid Semester Examination Contents Date of Exams. Maximum Marks
Unit Two Only 01-03 March 2014 13 Marks
(Max. Hour- 30)
UNIT – III Macro Economics Aggregates an Concepts – GNP and GDP – Aggregate Consumption – Cross Domestic Savings-Gross, Domestic Capital, Formation – WPI, CPI, and inflation – Employment-Balance of payments-Money Supply and Monetary Policy-Fiscal Policy;
UNIT – IV Concept and Measurement of National Income; Determination of National Income-Consumption Function, Fiscal impact and investment, synthesis of Monetary and Real Factors.