Practice Question Paper #1

Planning for EC2:

1. Course handout
2. Course topics practice

March 7, Thu - Module 1 March 8, Fri - Module 2 March 9, Sat - Module 3

March 10, Sun - Module 4

Module 1: Introduction

1.1. Session 1:

1.1.1. Introduction to Economics, Economic Terminology

1.1.2. What is managerial economics

1.1.3. Basic economic concepts

1.1.4. Ten principles for managers

2. Module 2: Theory of the firm and demand analysis - I

2.1. Session 2:

2.1.1. Theory of the firm: neoclassical and others

2.1.2. How markets operate

2.1.3. TR, AR and MR

2.1.4. Basics of demand, Determinants of demand

3. Module 3: Demand Analysis – II and Elasticities