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

Unit 1
Business Economics, Meaning, Nature, Characteristics, Importance and Role VIEW
Micro Economics, Objectives, Scope VIEW
Macro Economics, Objectives, Scope VIEW
Law of Diminishing Marginal Utility VIEW
Law of Equi-Marginal Utility VIEW
Unit 2
Demand, Meaning, Function, Types of Demand VIEW
Factors Influencing Demand VIEW
Demand Curve VIEW
Law of Demand VIEW
Exceptions to the Law of Demand VIEW
Elasticity of Demand, Concept, Types -Price, Income and Cross Elasticity of Demand VIEW
Measurement of Elasticity VIEW
Arc Method of Price Elasticity of Demand VIEW
Point Methods of Price Elasticity of Demand VIEW
Importance of various Elasticity of Demand VIEW
Unit 3
Law of Supply VIEW
Factors Influencing Supply VIEW
Market Equilibrium VIEW
Consumer Surplus VIEW
Theory of Consumer Behavior VIEW
Utility VIEW
Indifference Curve Analysis VIEW
Unit 4
Production, Concept, Function VIEW
Total Production, Marginal Production, Average Production VIEW
Returns to a Factor VIEW
Law of Variable Proportions VIEW
Law of Returns to Scale VIEW
Isocost VIEW
Isoquants VIEW
Economies and Dis-Economies of Scale VIEW
Unit 5
Cost, Concepts, Theory VIEW
Traditional Approaches of Cost Theory VIEW
Modern Approaches of Cost Theory VIEW
Revenue Curves, Relationship between Total Marginal and Average Revenues VIEW
Break Even Analysis, Meaning, Assumptions, Uses and Limitations VIEW
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