Business Economics, also called Managerial Economics, is the application of economic theory and methodology to business. Business involves decision-making, and business economics serves as a bridge between economic theory and decision-making in the context of business. Economic theories, economic principles, economic laws, economic equations, and economic concepts are used for decision-making. On this ground, students of commerce should know the importance of basic theories in actual business applications. Hence the introduction of Business Economics becomes important to the students.
Sr. No.
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Units
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Topics
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1.
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Introduction to Business Economics
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2.
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Demand Function
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3.
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Demand Forecasting
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4.
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Production Function Concepts & Theories
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5.
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Theory of Costs
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6.
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Market Structures
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7.
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Factor Pricing
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