Star Bucks
Master of Business Administration Batch of July 2013 - 15 Semester – I
Subject Name Subject Code Subject Credit
Economic Analysis for Business Decisions (EABD) MGT 502 2 The primary objective of this course is to develop the abilities of students to apply fundamental principles of economics to a wide range of managerial decisions. The focus of this course will be on understanding the theory and principles of microeconomics for applying the same in the real world issues and to take managerial decisions. The students are expected to leave the course with a strong hold on how the tools of microeconomics can be applied to take appropriate managerial decision making. To help the students to understand the behavior of various economic agents and to analyze and explain the application of economic concepts like elasticity of demand, economies of scale and economies of scope in managerial decision making.
Summary/Overview
Aims
To facilitate to recognize how economic forces affect organizations and to describe the economic consequences of managerial behavior. To help students to understand different market structures and to analyze how price and quantity are determined in various markets.
Core Learning Outcomes Learning Outcomes On completion of this unit you should be able to: Assessment Criteria To achieve the learning outcome you must demonstrate the ability to:
1.
For each presentation topic, case study, and in the Apply the economic way of examinations critically analyse the role of economic thinking to business decisions. factors in managerial decisions. Apply economic theory and methods to understand the behavior of various economic agents. Analyse and explain the application of economic concepts like elasticity of demand, economies of scale and economies of scope in managerial decision making. For each presentation topic and in the examination identify the importance of each economic agent (consumers, producers, etc.) to achieve optimum
Subject Name Subject Code Subject Credit
Economic Analysis for Business Decisions (EABD) MGT 502 2 The primary objective of this course is to develop the abilities of students to apply fundamental principles of economics to a wide range of managerial decisions. The focus of this course will be on understanding the theory and principles of microeconomics for applying the same in the real world issues and to take managerial decisions. The students are expected to leave the course with a strong hold on how the tools of microeconomics can be applied to take appropriate managerial decision making. To help the students to understand the behavior of various economic agents and to analyze and explain the application of economic concepts like elasticity of demand, economies of scale and economies of scope in managerial decision making.
Summary/Overview
Aims
To facilitate to recognize how economic forces affect organizations and to describe the economic consequences of managerial behavior. To help students to understand different market structures and to analyze how price and quantity are determined in various markets.
Core Learning Outcomes Learning Outcomes On completion of this unit you should be able to: Assessment Criteria To achieve the learning outcome you must demonstrate the ability to:
1.
For each presentation topic, case study, and in the Apply the economic way of examinations critically analyse the role of economic thinking to business decisions. factors in managerial decisions. Apply economic theory and methods to understand the behavior of various economic agents. Analyse and explain the application of economic concepts like elasticity of demand, economies of scale and economies of scope in managerial decision making. For each presentation topic and in the examination identify the importance of each economic agent (consumers, producers, etc.) to achieve optimum