NPTEL : NOC:Managerial Economics (Management)

Co-ordinators : Prof. Trupti Mishra


Lecture 1 - Introduction to Economics and Managerial Economics

Lecture 2 - Introduction to the Managerial Economics- Economics and Managerial economics, Review of Economic Terms and Economic Rationality

Lecture 3 - Introduction to the Managerial Economics- Opportunity Cost, Measuring and Maximizing Profit

Lecture 4 - Introduction to the Managerial Economics- Understanding Incentive and Marginal Analysis

Lecture 5 - Introduction to the Managerial Economics- Marginal and Incremental Analysis, Model of an Economy

Lecture 6 - Basic Tools of Economic Analysis and Optimization Techniques- Functional relationship between economic variables, Important Economic functions

Lecture 7 - Basic Tools of Economic Analysis and Optimization Techniques- Important Economic Function (Continued...)

Lecture 8 - Basic Tools of Economic Analysis and Optimization Techniques- Slope and its use in Economic Analysis, Derivatives of various functions

Lecture 9 - Basic Tools of Economic Analysis and Optimization Techniques- Derivative of various functions

Lecture 10 - Basic Tools of Economic Analysis and Optimization Techniques- Optimization Technique

Lecture 11 - Basic Tools of Economic Analysis and Optimization Techniques- Constrained optimization

Lecture 12 - Basic Tools of Economic Analysis and Optimization Techniques- Regression Technique

Lecture 13 - Basic Tools of Economic Analysis and Optimization Techniques- Regression Technique (Continued...)

Lecture 14 - Basic Tools of Economic Analysis and Optimization Techniques- Ordinary Least Square (OLS) method

Lecture 15 - Theory of Demand- Defining Demand, Law of Demand

Lecture 16 - Theory of Demand- Demand Schedule/Demand Curve/ Demand Function, Factors affecting Demand, Market Demand

Lecture 17 - Theory of Demand- Change in Demand Curve, Supply/ Law of Supply, Factors affecting Supply

Lecture 18 - Theory of Demand- Change/Shift in the Supply, Market Equilibrium, Change in Equilibrium

Lecture 19 - Theory of Demand- A Shift in both Supply and Demand, Elasticity of Demand, Types of Elasticity of Demand

Lecture 20 - Theory of Demand- Price elasticity of demand, Degree of price elasticity of demand, Elasticity and revenue, Factors influencing price elasticity of demand

Lecture 21 - Theory of Demand- Income Elasticity of Demand, Cross-Price Elasticity of Demand, Advertising Elasticity of Demand

Lecture 22 - Theory of Demand- Numerical for each Elasticity of Demand

Lecture 23 - Consumer Behaviour- Consumer Preferences, Utility Analysis (Total and Marginal Utility)

Lecture 24 - Consumer Behaviour- Numerical for Utility analysis, Law of Diminishing Marginal Utility, Indifference Curve Analysis

Lecture 25 - Consumer Behaviour- Budget line and Consumer equilibrium, Law of Equi-Marginal utility

Lecture 26 - Consumer Behaviour- Price, Income and Substitution Effects, Consumer Surplus

Lecture 27 - Elasticity of Supply- Numerical example to understand Consumer Surplus, Elasticity of Supply

Lecture 28 - Elasticity of Supply- Impact of Tax on Price and Quantity, Price fixed by Law

Lecture 29 - Demand Forecasting

Lecture 30 - Methods of Demand Forecasting- Subjective methods of demand forecasting

Lecture 31 - Demand Forecasting-Quantitative method of Demand forecasting

Lecture 32 - Demand Forecasting- Quantitative method of Demand forecasting (Continued...)

Lecture 33 - Theory of Production- Introduction

Lecture 34 - Theory of Production- Law of Diminishing Return

Lecture 35 - Theory of Production- long Run Production Analysis, Return to Scale, Isoquants

Lecture 36 - Theory of Production- Isocost, Optimal Combination of Inputs, Expansion path, Economic Region of Production

Lecture 37 - Theory of Production- Different kind of Production Functions: Cobb Douglas Production function, Optimal input combination

Lecture 38 - Theory of Production- Effect of Changes in Input Prices, Law of Diminishing returns, Return to Scale

Lecture 39 - Theory of Cost- Cost of Production, Types of Cost: Accounting/Economic Analysis

Lecture 40 - Theory of Cost- Cost-Output Relationship, Short run cost Analysis

Lecture 41 - Long Run Cost Analysis

Lecture 42 - Long-Run Marginal Cost Curve

Lecture 43 - Theory of Cost: Breakeven Analysis and Contribution Analysis

Lecture 44 - Theory of Cost: Profit Volume Ratio, Margin of Safety and Learning Curve

Lecture 45 - Theory of Cost: Application of Cost Analysis & Economies of Scale

Lecture 46 - Theory of Cost: Production Economies

Lecture 47 - Theory of Cost: Managerial and Transport Economies of Scale

Lecture 48 - Theory of Market: Introduction

Lecture 49 - Theory of Market: Perfect Competition

Lecture 50 - Theory of Market: Short-run Profit Maximization under Perfect Competition

Lecture 51 - Theory of Market: Short-run Market Supply and Firm Supply under Perfect Competition

Lecture 52 - Theory of Market: Long-run Profit Maximization under Perfect Competition

Lecture 53 - Theory of Market: Real World Application of Perfect Competition & Introduction to Monopoly

Lecture 54 - Theory of Market: Types of Monopoly

Lecture 55 - Theory of Market: Supply Curve of Monopoly Firm

Lecture 56 - Theory of Market: Effect of shift of Cost in case of Monopoly

Lecture 57 - Theory of Market: Social cost of Monopoly Power

Lecture 58 - Theory of Market: Regulation of Monopoly Power and Monopsony

Lecture 59 - Theory of Market: Bilateral Monopoly

Lecture 60 - Theory of Market: Monopolistic Competition

Lecture 61 - Theory of Market: Monopolistic Competition- Non-Price Competition and Introduction to Oligopoly

Lecture 62 - Theory of Market: Characteristics of Oligopoly Market

Lecture 63 - Theory of Market: Oligopoly Market (Continued...)

Lecture 64 - Theory of Market: Oligopoly Market- Stackelberg’s Model

Lecture 65 - Theory of Market: Collusive Oligopoly

Lecture 66 - Theory of Market: Collusive Oligopoly (Continued...)

Lecture 67 - Theory of Market: Collusive Oligopoly (Continued...)

Lecture 68 - Theory of Market: Collusive Oligopoly-Price Leadership Model

Lecture 69 - Oligopoly and Game Theory

Lecture 70 - Oligopoly and Game Theory (Continued...)

Lecture 71 - Oligopoly and Game Theory- Nash Equilibrium

Lecture 72 - Oligopoly and Game Theory – The Prisoner’s Dilemma and Types of Games

Lecture 73 - Applications of Game Theory in Economics

Lecture 74 - Product pricing- Price Discrimination

Lecture 75 - Product pricing- Price Discrimination (Continued...)

Lecture 76 - Types of Product pricing

Lecture 77 - Types of Product pricing (Continued...1)

Lecture 78 - Types of Product pricing (Continued...2)

Lecture 79 - Types of Product pricing (Continued...3)

Lecture 80 - Summary of Course