Economic analysis for business

FULLY SOLVED BOOK 

DBA 7103  Economic analysis for business

UNIT I  INTRODUCTION  -  The themes of economics  –  scarcity and efficiency  –  three 
fundamental economic problems  –  society’s capability –  Production possibility frontiers 
(PPF)  –  Productive efficiency Vs economic efficiency  –  economic growth & stability  –
Micro economies and Macro economies – the role of markets and government – Positive 
Vs negative externalities.
UNIT II  CONSUMER AND PRODUCER BEHAVIOUR  -  Market  –  Demand and Supply  –
Determinants  –  Market equilibrium  –  elasticity of demand and supply  –  consumer 
behaviour  –  consumer equilibrium  –  Approaches to consumer behaviour –  Production  –
Short-run and long-run Production Function  –  Returns to scale  –  economies Vs 
diseconomies  of scale  –  Analysis of cost  –  Short-run and long-run cost function  –
Relation between Production and cost function.
UNIT III  PRODUCT AND FACTOR MARKET  -  Product market  –  perfect and imperfect 
market  –  different market structures  –  Firm’s equilibrium and  supply  –  Market 
efficiency  –  Economic costs of imperfect competition  –  factor market  –  Land, Labour 
and capital – Demand and supply – determination of factor price – Interaction of product 
and factor market – General equilibrium and efficiency of competitive markets.
UNIT IV  PERFORMANCE OF AN ECONOMY  –  MACRO ECONOMICS  -  Macro-economic aggregates  –  circular flow of macroeconomic activity  –  National income 
determination  –  Aggregate demand and supply  –  Macroeconomic equilibrium  –
Components of aggregate demand and national income  –  multiplier effect  –  Demand 
side management – Fiscal policy in theory.
UNIT V  AGGREGATE SUPPLY AND THE ROLE OF MONEY  -  Short-run and Long-run 
supply curve –  Unemployment and its impact –  Okun’s law –  Inflation and the impact  –
reasons for inflation – Demand Vs Supply factors –Inflation Vs Unemployment tradeoff 
–  Phillips curve  –short-  run and long-run  –Supply side Policy and management-  Money 
market- Demand and supply of money –  money-market equilibrium and national income
– the rol e of monetary policy