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This study material includes a business economics notes pdf, previous year’s question paper pdf, questions, and answers pdf, MCQ questions pdf, business economics books, Latest syllabus for 2022-2023.
You can download the business economics pdf for BCOM, and BBA from the below article.
Download Business Economics PDF
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Business Economics Syllabus
- Introduction: Scope and Importance of Business Economics, Essential tools, Opportunity Cost principle-Incremental and Marginal Concepts.
Fundamental Economic Relations: Functional Relations, Equations, Total, Average and Marginal Relations, Use of Marginal Analysis in Decision Making.
- The Basics of Market Demand, Market Supply, and Equilibrium Price, Shifts in the Demand and Supply Curves, and Equilibrium.
Demand Function: Nature of Demand Curve Under Different Markets Meaning, Significance, Types, and Measurement of Elasticity of Demand (Price, Income Cross, and Promotional), the Relationship Between Price Elasticity of Demand and Revenue Concepts.
- Demand Estimation and Forecasting: Meaning and Significance, Methods of Demand Estimation, Survey and Statistical Methods (Numerical Examples on Trend Analysis and Simple Linear Regression).
- Supply and Production Decisions: Production Function, Short Run Analysis With Law of Variable Proportions, Production Function With Two Variable Inputs, Isoquants, Ridge Lines and Least Cost Combination of Inputs-long Run Production Function and Laws of Returns to Scale, Expansion Path, Economies and Diseconomies of Scale and Economies of Scope.
Cost of Production: Cost Concepts, Accounting Cost and Economic Cost, Implicit and Explicit Cost, Social and Private Cost, Historical Cost and Replacement Cost, Sunk Cost and Incremental Cost, Fixed and Variable Cost, Total, Average and Marginal Cost, Cost Output Relationship in the Short Run and Long Run, (Hypothetical Numerical Problems to Be Discussed).
- Extension of Cost Analysis: Cost Reduction Through Experience, Lac, Learning Curve, and Break Even Analysis (With Business Application).
- Market Structure: Perfect Competition and Monopoly Perfect Competition and Monopoly Models as Two Extreme Cases, Profit Maximization and the Competitive Firm’s Supply Curve, Short-run and Long-run Equilibrium of a Firm and of the Industry, Monopoly, Sources of Monopoly Power, Short-run and Long-run Equilibrium of a Firm Under Monopoly.
Pricing and Output Decisions under Imperfect Competition Monopolistic competition: Competitive and Monopolistic Elements of Monopolistic Competition, Equilibrium of Firm Under Monopolistic Competitions, Monopolistic Verses Perfect Competition, Excess Capacity, and Inefficiency, Debate Over Role of Advertising.
- Oligopolistic Market: Key Attributes of Oligopoly, Collusive and Non-collusive Oligopoly Market, Price Rigidity, Cartels, and Price Leadership Models.
- Pricing Practices Cost-oriented Pricing Methods: Cost–plus (Full Cost)/markup Pricing, Marginal Cost Pricing, Mark Up Pricing, Discriminating Pricing, Multiple–product Pricing, and Transfer Pricing.
Evaluating Capital Projects Meaning and Importance of Capital Budgeting, Steps in Capital Budgeting, Techniques of Investment Appraisal, Payback Period Method, Net Present Value Method, and Internal Rate of Return Method.
Business Economics Notes
What is Business Economics?
Business Economics is also called Managerial Economics. It involves the application of economic theory and practice to business. In business, decision-making is very important. Decision-making is a process of selecting one course of action out of available alternatives.
Thus business economics serves as a link between economic theory and decision-making in the context of business.
Business Economics MCQ PDF
Business Economics Previous Year Question Paper PDF
Here are some of the business economics previous year question paper pdf mentioned below. You can download the business economics previous year question paper pdf. We have listed all the last 10-year business economics previous year question paper pdf.
Business Economics Questions and Answers PDF
Here we are providing business economics questions and answers pdf and in these notes, we have covered all important questions and answers which have more chances to appear in the exam.
Business Economics Important Questions PDF
This is the business economics important questions pdf that we are providing for you. We have selected all those important questions from previous years’ question papers. If you learn the following business economics important questions you don’t have to open your textbook again and by these questions, you score high in exams.
Business Economics PPT
Below that, we have listed business economics ppt files for BCOM, and BBA. I know that creating a ppt for a college assignment or project pain in the brain so there are some best business economics ppt files for BCOM and BBA. You can download the business economics ppt given below:
Business Economics Books
Below we list the best business economics books recommended by the top university in India. These are the best business economics books that you can download online or purchase physical books as well.
FAQ Related to Business Economics Notes PDF
What is the meaning of Business Economics?
Business Economics refers to the application of economic theory and the tools of analysis of decision science to examine how an organization can achieve its objectives most effectively.
What are the notes on business economics?
Hey guys you can download all business economics notes pdf in this article. These notes are simple and easy to understand. I hope these notes will help you guys in your study.
Why business economics MCQ is important?
Because each exam there is always an MCQ section with around 10-20 marks so it is very important to study some of the important business economics MCQ.
How to download business economics ppt?
Below we list the best business economics ppt available on the internet so far. We only listed good-quality content that looks professional.
What are the best business economics books?
The following are best business economics books are mentioned below:
What are the business economics important questions?
Following are the business economics important questions given below: