Business Decisions and Market Structures Bangalore North University B.Com SEP 2024-25 1st Semester Notes

Unit 1
Business Decision and Economic ProblemsVIEW
Scarcity and Choice Nature and ScopeVIEW
Positive and Normative ScienceVIEW
Micro and Macro aspects of EconomicVIEW
Central Problems of an EconomyVIEW
Production Possibility CurveVIEW
Opportunity CostVIEW
Working of Economic SystemsVIEW
Business CyclesVIEW
Basic Characteristics of the Indian EconomyVIEW
Major Issues of Economic DevelopmentVIEW
Recent Trends in Indian EconomyVIEW
Unit 2
Demand: Meaning, Definition, Determinants and TypesVIEW
Business Significance of Consumption and DemandVIEW
Demand ScheduleVIEW
Individual and Market Demand CurveVIEW
Law of DemandVIEW
Changes in Demand, TypesVIEW
Elasticity of DemandVIEW
Effect of a Shift in DemandVIEW
Demand Forecasting: Survey and Statistical Methods (numerical problems on Moving Averages Method and Method of Least Square)VIEW
Consumption:VIEW
Cardinal Utility ApproachVIEW
Law of Diminishing Marginal UtilityVIEW
Law of Equi-Marginal UtilityVIEW
Indifference Curve ApproachVIEW
Budget LineVIEW
Consumer’s EquilibriumVIEW
Unit 3
Production Analysis: Theory of Production, Production Function, Factors of Production, CharacteristicsVIEW
Production Possibility CurvesVIEW
Classical and Modern approaches to the Law of Variable Proportions, Concepts of Total Product, Average Product and Marginal Product, Fixed and Variable FactorsVIEW
Law of Returns to ScaleVIEW
Economies and Diseconomies of ScaleVIEW
Unit 4
Supply MeaningVIEW
Supply ScheduleVIEW
Individual and Market Supply CurveVIEW
Determinants of Supply, Law of Supply, Changes in SupplyVIEW
Equilibrium of Demand and SupplyVIEW
Determination of Equilibrium Price and QuantityVIEW
Effect of a Shift SupplyVIEW
Elasticity of SupplyVIEW
Theory of Costs: Basic Concepts, Sunk Costs and Future Costs; Direct Costs and Indirect CostsVIEW
Cost Curves: Total, Average, Marginal Cost CurvesVIEW
Relationship of Marginal Cost to Average Cost, Fixed and Variable CostVIEW
Unit 5
Basic Concepts of Revenue, Revenue Curves: Total, Average, Marginal Revenue CurvesVIEW
Relationship of Marginal Revenue to Average RevenueVIEW
Concept of Market and Main forms of MarketVIEW
Equilibrium of the Firm and IndustryVIEW
Total Revenue and Total Cost ApproachVIEW
Marginal RevenueVIEW
Marginal Cost ApproachVIEW
Price and Output Determination in Perfect CompetitionVIEW
Price and Output Determination in Imperfect Competition:VIEW
DuopolyVIEW
MonopolyVIEW
Monopolistic CompetitionVIEW
OligopolyVIEW

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