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BSMS3033 - Managerial Economics
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BSMS3033 - Managerial Economics
274 words
1 min read
| Field | Value |
|---|---|
| Course Code | BSMS3033 |
| Level | Degree Level Course |
| Credits | 4 |
| Type | Elective |
| Pre-requisites | None |
📖 Description
-To learn the workings of markets through the prism of Demand and Supply.
-Understand how a rational consumer makes any choice.
-Learn the relationships between production, costs, and profits
-Learn different forms of markets and their key characteristics.
-Understand how governments regulate businesses.
-Learn the business model behind the success of Amazon, UBER, Alibaba, iPhone
🗓️ Weekly Syllabus
| Week | Topic |
|---|---|
| Week 1 | Introduction |
| Week 2 | Demand, Supply, and markets |
| Week 3 | Elasticity and Empirical Methods for Demand Analysis |
| Week 4 | Consumer Behavior |
| Week 5 | Technology, Production, and Costs |
| Week 6 | Perfectly Competitive Market |
| Week 7 | Monopoly |
| Week 8 | Monopsony and Monopolistic Competition |
| Week 9 | Decisions under Risk and Uncertainty |
| Week 10 | Asymmetric Information |
| Week 11 | Government and Businesses |
| Week 12 | Platform Businesses |
📚 Books & Resources
Prescribed Books
The following are the suggested books for the course:
Managerial Economics by Jeffery Perloff and James Brander Intermediate Microeconomics by Hal Varian Managerial Economics: A Problem Solving Approach by Luke Froeb, Brian McCannm, Mikhael Shor, and Michael Ward
📝 About the Instructors
Vimal Kumar
Professor,
Department of Economic Science,
IIT Kanpur