Module 4: Cost and Revenue Analysis 10 Hrs Law of Supply Meaning Determinants of Supply. Cost classification Real – – – cost Opportunity cost Money cost Explicit cost and implicit cost Economic – – – – cost Fixed cost and variable cost Total and Marginal cost Behaviour of short – – – run and long run cost Cost and output relations Revenue concepts - Break even – – analysis including mathematical problems. Module 5: Market Structure 8 Hrs Perfect Competition Features Competition– Monopoly Features. – –Imperfect – Duopoly-types-features-Oligopoly-types-features-Monopolistic Competition – Pricing Policy General considerations Objectives Factors involved in – – – Policy Methods of Pricing. – Module 6: Business Cycles 6 Hrs Business Cycles Phases of Business cycle Effects of Business Cycle Measures – – – to control the Business cycle through monetary policy and fiscal policy instruments Module 7: Balance of Trade and Balance of Payments 7 Hrs
Module 4: Cost and Revenue Analysis 10 Hrs Law of Supply – Meaning – Determinants of Supply. Cost classification – Real cost – Opportunity cost – Money cost – Explicit cost and implicit cost – Economic cost – Fixed cost and variable cost – Total and Marginal cost – Behaviour of short run and long run cost – Cost and output relations – Revenue concepts - Break even analysis including mathematical problems. Module 5: Market Structure 8 Hrs Perfect Competition – Features –Imperfect Competition– Monopoly – Features. Duopoly-types-features-Oligopoly-types-features-Monopolistic Competition – Policy – General considerations – Objectives – Factors involved in Pricing Policy – Methods of Pricing. Module 6: Business Cycles 6 Hrs Business Cycles – Phases of Business cycle – Effects of Business Cycle – Measures to control the Business cycle through monetary policy and fiscal policy instruments Module 7: Balance of Trade and Balance of Payments 7 Hrs
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