Business Economics Osmania University BCOM 1st Semester 2025-26 Notes

Unit 1
Business Economics, Meaning, Nature, Characteristics, Importance and RoleVIEW
Micro Economics, Objectives, ScopeVIEW
Macro Economics, Objectives, ScopeVIEW
Law of Diminishing Marginal UtilityVIEW
Law of Equi-Marginal UtilityVIEW
Unit 2
Demand, Meaning, Function, Types of DemandVIEW
Factors Influencing DemandVIEW
Demand CurveVIEW
Law of DemandVIEW
Exceptions to the Law of DemandVIEW
Elasticity of Demand, Concept, Types -Price, Income and Cross Elasticity of DemandVIEW
Measurement of ElasticityVIEW
Arc Method of Price Elasticity of DemandVIEW
Point Methods of Price Elasticity of DemandVIEW
Importance of various Elasticity of DemandVIEW
Unit 3
Law of SupplyVIEW
Factors Influencing SupplyVIEW
Market EquilibriumVIEW
Consumer SurplusVIEW
Theory of Consumer BehaviorVIEW
UtilityVIEW
Indifference Curve AnalysisVIEW
Unit 4
Production, Concept, FunctionVIEW
Total Production, Marginal Production, Average ProductionVIEW
Returns to a FactorVIEW
Law of Variable ProportionsVIEW
Law of Returns to ScaleVIEW
IsocostVIEW
IsoquantsVIEW
Economies and Dis-Economies of ScaleVIEW
Unit 5
Cost, Concepts, TheoryVIEW
Traditional Approaches of Cost TheoryVIEW
Modern Approaches of Cost TheoryVIEW
Revenue Curves, Relationship between Total Marginal and Average RevenuesVIEW
Break Even Analysis, Meaning, Assumptions, Uses and LimitationsVIEW

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