Business Economics

Notes for Business Economics to learn in easy way.It almost covered all important topics for Business Economics which are given below

Unit – 1. Introduction to Economics

Nature, scope and limitations of Economics
Definition – Adam Smith, Marshall and Lionel Robins
Characteristics and classification of human wants
Law of Diminishing marginal utility

Unit – 2. Demand Analysis

Law of Demand & its types
Determination of Demand
Demand schedule, Changes in Demand & Elasticity of Demand
Types of Elasticity
Cardinal and Ordinal utility
Indifference curve analysis & Criticism of Indifference Curve

Unit – 3. Factors of production

Factors of production
Theory of Production
Economies of scale
Cost curves
Short run cost curves and long run cost curves
Break even analysis

Unit – 4. Pricing under perfect competition

Pricing under perfect competition
Monopoly
Price discrimination
Pricing in public utilities

Unit – 5. Government and business

Public enterprises
National income