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Economics

General Economics | Managerial Economics | Accounting | Finance and Investment | Statistics | Marketing | Operations Research | Operations Management | Technology Management | Human Resources Management | Business Analysis | Strategic Management

Economics is the study of resource allocation, distribution and consumption, of capital and investment, and of management of the factors of production.

Economics is generally understood to concern behavior that, given the scarcity of means, arises to achieve certain ends. Economic theory is concerned with commercial activities such as the production and consumption of goods.

Macroeconomics is the branch of economics that studies the overall working of a national economy.

Microeconomics, also called managerial economics, is the branch of economics that studies the economy of consumers or households or individual firms.

 

General Economics

• Demand and Supply

• Elasticity

• Markets in Action

• Utility and Demand

• Possibilities, Preferences, and Choices

• Organizing Production

• Output and Costs

• Producing at Least Cost

• Economic Systems

• Competition

• Monopoly

• Oligopoly

• Perfect Competition

• Pricing and Allocating Factors of Production

• Labour Markets

• Capital Markets

• Natural Resource Markets

• Distribution of Wealth and Income

• Market Failure

• Public Choice

• Regulation and Antitrust Law

• Inflation, Unemployment, Cycles and Deficits

• Measuring Output and Price Levels

• Aggregate Demand and Aggregate Supply

• Expenditure Decisions

• Expenditure and Income

• Money, Banking, and Prices

• Reserve Bank, Money and Interest Rates

• Aggregate Demand Fluctuations

• Unemployment and Aggregate Supply

• Expectation and Inflation

• Recessions and Depressions

• Stabilizing the Economy

• The Deficit

• International Trade

• Balance of Payments and Currency

• Economic Growth and Development

 

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Managerial Economics

Managerial economics is a branch of economics that applies microeconomic analysis to specific business decisions. Managerial economics bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression, correlation, and calculus. If there is a unifying theme that runs through most of managerial economics it is the attempt to optimize business decisions given the firm's objectives and given constraints imposed by scarcity.

 

Managerial Economics

Mathematics of Economics

• Algebra
• Calculus
• Functions
• Regressions
• Linear Programming
• Time Value of Money
• Statistics
• Derivatives
• Simulation

 

Risk and Decision Making

• Probability
• Risk Scenarios
• Decision Trees
• Decision Making under Uncertainty

 

Demand

• Demand Theory and Analysis
• Demand Estimation and Forecasting

 

Production and Cost

• Production Theory
• Linear Programming
• Cost Theory
• Estimation of Production and Cost Functions

 

Market Structure

• Industry Structure, Conduct, Performance
• Losses and Shutdown Decisions
• Profit Maximization Strategies

 

Pricing of Goods and Services

• Pricing of multiple products
• Pricing in multiple markets
• Cost-plus pricing

 

Pricing and Employment of Inputs

• Input Pricing and Employment
• Economic Rent
• Wage and Income Differentials
• Labour Unions
• Wage Laws
• Wage-Rate determination

 

Production Decisions

• Optimal Product Mix
• Multi plant Production
• Inventories
• Queues
• Replacement of Equipment

 

Investment Decisions

• Capital Budgeting
• Mergers

 

Location Decisions

• Selection of Firm Location
• Market Area Determination
• Threshold Analysis
• Location Factors

 

Taxes and Managerial Decisions

• Excise Taxes
• Taxes on Profits
• Taxes on Inputs
• Property Taxes
• Tax Preferences
• Calculus and Tax Analysis

 

Antitrust

• Regulations
• Price Controls

 

Management of Nonprofit Enterprises

• Pricing in Nonprofit Enterprises
• Cost-Benefit Analysis
• Discount Rates

 

 

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