This lecture note covers the
following topics: Modern Economics and Mathematics, Individual Decision
Making, Consumer Theory, Production Theory, Choice Under Uncertainty,
Strategic Behavior and Markets, Game Theory, Theory of the Market, General
Equilibrium Theory and Social Welfare, Normative Theory of Equilibrium: Its
Welfare Properties, Economic Core, Fair Allocations, and Social Choice
Theory, Externalities and Public Goods, Information, Incentives, Mechanism
Design, and Contract Theory.
The objective of
this book to familiarize the students with the basic concepts of economics
such as Demand, Supply, Goods, Utility and enable the students to understand
basic theories, Principles and laws relating to Consumption, Production and
Distribution.
Managerial economics, as the name itself implies, is an
offshoot of two distinct disciplines: Economics and Management. In other words,
it is necessary to understand what these disciplines are, at least in brief, to
understand the nature and scope of managerial economics.This PDF covers the
following topics related to Managerial Economics : Introduction to Managerial
Economics, Theory of Demand, Production Analysis, Cost Theory and Estimation,
Market Structure and Pricing Practices.
Author(s): Ms. Swathi, Assistant Professor, Institute of
Aeronautical Engineering