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Course Objective
and Outline
Course Objective
The course is geared toward
providing a practical introduction to managerial economics for
trainees planning to participate actively in the labor market.
The topics are designed in such a way to enhance their practical
decision making capacity in their jobs, whether in the private,
public sectors, or the NGOs.
Course Outline
1.Chapter 1: What is Managerial
Economics? (1.5hr)
1.Goals of the Firm.
2.Decision-Making Model.
3.Role of the Profit.
4.Alternative Objectives of the
Firm.
2.Chapter 2: Basic Elements of
Demand and Supply. (2.5hrs)
1.Demand-Supply & Market
Equilibrium.
2.Demand Estimation
1. Qualitative Techniques.
2. Quantitative Techniques.
3. Demand Fore casting.
3.Chapter 3: Cost Analysis &
Estimation. (2hrs)
1.Cost Classifications
2.Short Run VS Long Run Costs.
3.Estimation of Cost Functions.
4.Break-even Analysis VS.
Operating Leverage.
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