Micro-economics for Business Decisions BBA University 1st SEM BBA 1st Year|BBAN106 notes

Scheme & Syllabus Copy of Micro-economics for Business Decisions BBA University 1st SEM BBA 1st Year

SYLLABUS 

B.B.A. I Sem. Subject – Micro-economics for Business Decisions

UNIT – I Introduction to Economics: Definition, Nature and Scope of Economics. Micro and Macro Economics, Role of Economics in Decision Making.

UNIT – II Demand Analysis and Supply Analysis: Meaning of Demand, Types of Demand, Law of Demand, Determinants of Demand, Demand Function, Elasticity of demand- price elasticity of demand. Income elasticity of demand, Cross Elasticity of demand, Law of Supply, Supply Schedule, Supply Curve, Price elasticity of supply,

UNIT – III Production Analysis: Production function, Types of Production Function, Law of Returns, Law of variable proportions, Law of Increasing Returns, Law of Constant Returns, Law of Diminishing returns, Returns to scale,

UNIT – IV Cost and Revenue Analysis: Cost concepts, Elements of Cost, Relationship between Production and Cost, Average and Marginal cost curves, Relationship between average and marginal cost, Concept of revenue, Revenue Curve, Relationship between average and marginal revenue,

UNIT – V Market Structures: Meaning of Market, Classification of markets, Perfect Competition, Imperfect Competition, Monopolistic Market, Oligopoly Market, and Duopoly Market. UNIT – VI International Tread :Balance of Payments, Concepts, Disequilibrium in BOP: Methods of Correction, Tread Barriers and Tread Strategy, Free Trade vs. Protection,