Business Economics

By Isha Aggarwal Categories: B.COM, Year-1

Course Content

Unit-1

Introduction: Basic problems of an economy working of price mechanism,Part -1

15:34
Introduction: Basic problems of an economy working of price mechanism,Part -2

15:34
Introduction: Basic problems of an economy working of price mechanism,Part -3

15:34

Unit-2

Unit-3

Unit-4

Market structure : Market structure and business decisions
Objectives of a business firm a perfect competition;
Profit maximization and equilibrium of firm and industry short run and long rum supply curves
Price and output determination practical applications
Monopoly; Determination of price under monopoly
Equilibrium of a firm
Comparison between perfect competition and monopoly
Multi-plant monopoly
Price discrimination. Practical application.

Unit-5

Monopolistic competition: Meaning and characteristic
Price and output Determination under monopolistic competition
Product differentiation
selling costs
Comparison with perfect competition
Excess capacity under monopolistic competition.
Oligopoly: Characteristics indeterminate pricing and output
Oligopoly: Characteristics indeterminate pricing and output
Classical models of oligopoly;
Price leadership;
Collusive oligopoly
Kinked demand

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