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Business Economics I
9th April 2020
By
indiafreenotes
Unit 1 {Book}
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Business Economics Meaning and Scope
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Importance of Business Economics
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Basic Tools Business Economics
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Basic Economic Relations
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Average and Marginal Cost
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Use of Marginal Analysis in Decision Making
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Market Demand
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Market Supply
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Equilibrium Price
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Shifts in the Supply and Demand Curve
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Unit 2 {Book}
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Nature of Demand Curve Under Different Markets
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Elasticity of Demand: Meaning, Types and Significance
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Measurement of Elasticity of Demand
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Relationship between Elasticity of Demand and Revenue
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Demand Estimation and Forecasting
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Demand Estimation
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Methods of Demand Estimation
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Unit 3 {Book}
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Production Function
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Short Run Analysis with Law of Variable Proportion
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Short Run Production Function with Two Variable Inputs
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Least Cost Combination of Inputs
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Long Run Production Function
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Laws of Returns to Scale
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Expansion Path
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Economies and Diseconomies of Scale
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Cost Concept: Accounting and Economic Costs, Implicit and Explicit cost, Fixed and Variable Costs, Total Cost, Marginal Cost and Average Cost
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Cost Output Relationship in Short Run and Long Run
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Long Run Average Cost (LAC)
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Learning Curve
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Break Even Analysis
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Unit 4 {Book}
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Short Run Equilibrium of a Competitive Firm and of Industry
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Monopoly: Short Run and Long Run Equilibrium of a Firm Under Monopoly
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Monopolistic Competition
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Equilibrium of a Firm under Monopolistic Competition
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Role of Advertising under Monopolistic Competition
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Oligopolistic Competition
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Key Attributes of Oligopoly
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Collusive and Non-Collusive Oligopoly
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Price Rigidity, Cartels and Price Leadership Model
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Unit 5 {Book}
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Cost Oriented Pricing Method
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Marginal Cost Pricing
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Discriminatory Pricing
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