Business Economics – I. FYBCOM. Semester I. 1. Introduction (10 Lec.) Scope and Importance of Business Economics – basic tools- Opportunity Cost principle- . REFERENCE OF , F.Y.B.A. AND STUDENTS. Business Economics I (Revised Syllabus) . Question 6 Write notes: (Any two). Business Economics, also called Managerial Economics, is the application of economic theory and methodology to business. Business involves.
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Supply and Ecpnomics Decisions 10 Lec. Cost of Production 10 Lec. Share this article to other B. Market — Concept, meaning, Definition, Classification of market structures, Type Firm, Industry, Meaning, objectives, difference between Industry and firm.
Accounting cost and economic cost, implicit and explicit cost, social and private cost, historical cost and replacement cost, sunk cost and incremental cost -fixed and variable cost – total, average and marginal cost – Cost Output Relationship in the Short Run and Long Run hypothetical numerical problems to be discussed Extensions of Cost Analysis: Demand Analysis 15 Lec.
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To stimulate the students interest by showing the relievable and use of various economic theories. Demand Function – Nature of demand curve under different markets Meaning, significance, types and measurement of elasticity of demand Price, income cross and promotional – relationship between elasticity of demand and revenue concepts Demand Estimation and Forecasting: To expose students of Commerce to basic Micro Economics Concepts and inculcate fgbcom analytical approach to the subject matter.
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Economics Notes – 1st year Business Economics Syllabus & Books
Short run analysis with Law of Variable Proportions- Production function with two variable fybcmo isoquants, ridge lines and least cost combination of inputs- Long run production function and Laws of Returns to Scale – expansion path – Economies and diseconomies of Scale and economies of scope 4. Meaning and significance – methods of demand estimation: There are two economics papers in B. Submit your name, email, state and updates category below. But In some universities, there are no semesters for B.
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Business Economics – I FYBCOM Semester I
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Isoquant curves, Definition, General properties of isoquant curves, Expansion path internal and external economic and diseconomies of scale, Ridge line. Basic economic relations – functional relations: Essentials of Business Economics D. Papers Results Syllabus Free Books. Gulafsha says 10 months ago.
Elasticity of demand — Concept, kinds, definition Measurement of elasticity of demand, factors influencing elasticity of demand, Importance of elasticity of demand.
Short run analysis with Law of Variable Proportions- Production function with two variable inputs- isoquants, ridge lines and least cost combination of inputs- Long run production function and Laws of Returns to Scale – expansion path – Economies and diseconomies of Scale and economies of scope.
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