Business Economics I University of Mumbai BMS 1st Sem Notes

09/04/2020 1 By indiafreenotes
Unit 1 {Book}
Business Economics Meaning and Scope VIEW
Importance of Business Economics VIEW
Basic Tools Business Economics VIEW
Basic Economic Relations VIEW
Average and Marginal Cost VIEW
Use of Marginal Analysis in Decision Making VIEW
Market Demand VIEW
Market Supply VIEW
Equilibrium Price VIEW
Shifts in the Supply and Demand Curve VIEW


Unit 2 {Book}
Nature of Demand Curve Under Different Markets VIEW
Elasticity of Demand: Meaning, Types and Significance VIEW
Measurement of Elasticity of Demand VIEW
Relationship between Elasticity of Demand and Revenue VIEW
Demand Estimation and Forecasting VIEW
Demand Estimation VIEW
Methods of Demand Estimation VIEW


Unit 3 {Book}
Production Function VIEW
Short Run Analysis with Law of Variable Proportion VIEW
Short Run Production Function with Two Variable Inputs VIEW
Least Cost Combination of Inputs VIEW
Long Run Production Function VIEW
Laws of Returns to Scale VIEW
Expansion Path VIEW
Economies and Diseconomies of Scale VIEW
Cost Concept: Accounting and Economic Costs, Implicit and Explicit cost, Fixed and Variable Costs, Total Cost, Marginal Cost and Average Cost VIEW
Cost Output Relationship in Short Run and Long Run VIEW
Long Run Average Cost (LAC) VIEW
Learning Curve VIEW
Break Even Analysis VIEW


Unit 4 {Book}
Short Run Equilibrium of a Competitive Firm and of Industry VIEW
Monopoly: Short Run and Long Run Equilibrium of a Firm Under Monopoly VIEW
Monopolistic Competition VIEW
Equilibrium of a Firm under Monopolistic Competition VIEW
Role of Advertising under Monopolistic Competition VIEW
Oligopolistic Competition VIEW
Key Attributes of Oligopoly VIEW
Collusive and Non-Collusive Oligopoly VIEW
Price Rigidity, Cartels and Price Leadership Model VIEW


Unit 5 {Book}
Cost Oriented Pricing Method VIEW
Marginal Cost Pricing VIEW
Discriminatory Pricing VIEW