Demand Demand Determinants Law of Demand Characteristics – – – – Elasticity of Demand Price Types Determining Factors Change in – – – – Demand and Elasticity of Demand Business Applications of Price Elasticity – – Concepts of Income and Cross Elasticity of Demand Price Elasticity of Demand – Measurement By Total Outlay Method including mathematical problems- Survey of buyer’s intention Collective opinion Trend projection Indicator. – – –Economic Demand forecasting methods for a new product including mathematical problems. Module 4: Production Function – 8 Hrs Law of Supply Meaning Determinants of Supply. Production Function: – – Equilibrium Though Isoquants and Isocosts of Cost- relationship between different types of costs and breakeven analysis. Module 5: Market Structure 12 – Hrs Perfect Competition Features Price and Output Determination Influence of – – – Time Element on Price and Output Monopoly Features Price and Output – – – Determination– Price Discrimination–Price Output Determination Under Discriminating Monopoly. Monopolistic Competition Features Price and Output – – Determination in Short Run and in Industry Features of Duopoly and Oligopoly. – Module 6: Business Cycles 6 Hrs –
Demand – Demand Determinants – Law of Demand – Characteristics – of Demand – Price Elasticity – Types – Determining Factors – Change in Demand and Elasticity of Demand – Business Applications of Price Elasticity – Concepts of Income and Cross Elasticity of Demand – Price Elasticity of Demand Measurement By Total Outlay Method including mathematical problems- Survey of buyer’s intention – Collective opinion – Trend projection –Economic Indicator. Demand forecasting methods for a new product including mathematical problems. Module – 4: Production Function 8 Hrs Law of Supply – Meaning – Determinants of Supply. Production Function: Equilibrium Though Isoquants and Isocosts of Cost- relationship between different types of costs and breakeven analysis. Module – 5: Market Structure 12 Hrs Perfect Competition – Features – Price and Output Determination – Influence of Time Element on Price and Output – Monopoly – Features – Price and Output Determination– Price Discrimination–Price Output Determination Under Discriminating Monopoly. Monopolistic Competition – Features – Price and Output Determination in Short Run and in Industry – Features of Duopoly and Oligopoly. Module – 6: Business Cycles 6 Hrs
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