Unit 1
- Define Managerial Economics; explain its nature, significance, and scope.
- What is Demand? Types of Demand and Explain its determinants and their distinctions.
- Define demand elasticity. Explain different types and measurements of elasticity and their significance.
- Demand schedule, demand curves?
Unit 2
- Define Production Function. Explain production function one variable (Law of Diminishing Returns).
- Explain the concept of least cost combination of inputs (production function variable, isoquants, and isocost curves).
- Write a short note on Cobb-Douglas Production Function and break-even point?
- Explain different cost concepts.
- Explain Break Even analysis with graphical representation, assumptions, and limitations.
Unit 3
- In Detail Explain about the Managerial theories of firm?
- Pricing methods?
- Market structures?
- What is meant by Business cycles?
- Joint stock company? Sole trader?
- Difference between public and private limited companies?
Unit 4
- Define Financial accounting. Explain different concepts of financial accounting.
- Problems on journal entries, ledger, financial accounts.
- Define ratio analysis. Explain its significance and its limitations.
- Write a short note on liquidity ratio, solvency ratio, turnover ratios, profitability ratios.
- Write short notes on funds flow and cash flow statement and its importance.
Unit 5
- What is capital? Explain different types of capital and their components.
- Define capital budgeting and explain its need and process.
- Explain various methods of capital budgeting.
- Problems on capital budgeting methods (Payback period, NPV, ARR, IRR).