Week 3-4: Demand Analysis, Estimation and Forecasting
The basis for demand. The market demand function. Demand sensitivity analysis: Elasticity, Price elasticity of demand with managerial applications. Income elasticity of demand with Managerial applications. Application of regression analysis: Demand estimation. Demand forcasting.
Course Material
- Week 1-2: Nature, Scope and Overview of Managerial Economics
- Week 3-4: Demand Analysis, Estimation and Forecasting
- Week 5-6: Pricing Analysis and Decisions
- Week 7-8: Production and Cost Analysis
- Week 9: Mid Term Exam
- Week 10-11: Decision Making Under Risk and Uncertainty
- Week 12-13: Capital Budgeting and Investment
- Week 14-15: Public Sector Production and Pricing of Goods.
- Week 16-17: Managerial Theories and Models of the Firm
- Week 18: Final Exam
- Chapters 10
- Department Economics
- Teacher
Mr. Rajinder Parkash
