Managerial Economics and Financial Accounting
3IT1-03 · Semester 3
0/54 topics
Course objective
Course scope
Course outcome
Meaning of economics
Nature of economics
Scope of economics
Deductive method
Inductive method
Static economics
Dynamic economics
Scarcity
Economic choice
Circular flow of economic activity
National income concepts
National income measurement
Types of demand
Determinants of demand
Demand function
Elasticity of demand
Purpose of demand forecasting
Determinants of demand forecasting
Methods of demand forecasting
Determinants of supply
Supply function
Elasticity of supply
Production function
Law of variable proportions
Laws of returns to scale
Production optimization
Least cost combination of inputs
Isoquants
Explicit cost
Implicit cost
Fixed cost
Variable cost
Opportunity cost
Sunk costs
Cost function
Cost curves
Cost and output decisions
Cost estimation
Perfect competition
Monopoly
Monopolistic competition
Oligopoly
Balance sheet and related concepts
Profit and loss statement and related concepts
Financial ratio analysis
Cash-flow analysis
Funds-flow analysis
Comparative financial statements
Analysis of financial statements
Interpretation of financial statements
Capital budgeting techniques