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Session Plan Man Economics - Prema - PGDM-A & B-2016-18
Session Plan Man Economics - Prema - PGDM-A & B-2016-18
Course Details
Program
Trimester
Course Objectives
and Outcomes
Faculty Email ID
PGDM A
&B
Trimester I
prema@simsr.somaiya
Faculty Contact
Number
Faculty Name
Course Name
Max Marks
100 Marks
3063
Credits
1
Course
Coverage/ Upon completion of the course the students will be able to :
Topics relevant to
the Learning Goals
Use the economics concepts and theories to understand the business
(LG)
environment.(MK***)
Indicate extent to
which the same is
addressed for each
LG
* - Addresses the
Learning
Goal
Barely
** - Addresses the
Learning
Goal
Moderately
*** - Addresses the
Learning
Goal
Strongly
Understand the economic forces that create business environment for any
business and to understand the market structure and nature of competition in any
industry.(MK***)
How optimization techniques can be used to minimize the costs and maximize
the revenue for the organization.(CT**)
To understand how global and multinational organization use optimization
techniques and strategies to sustain in the long run (GA*)
Learning objectives: The students will be able to analyse and scan business
environment by applying concepts learnt in the course and will develop critical
thinking ability.
Pedagogy/Learning
Methodology
Indicative of
Student
Activity/
Interaction/
Peer
Learning in form
of
(Assignments,
Quiz,
Group Project,
Group
Presentations,
etc., )
Session Plan
Sessi
on
No.
1
Topics to be Covered
Ten Principles of
Economics
Pre Readings/
Suggested
Readings /
Cases
Mankiw:
Economics
Principles &
Applications-
Remarks
Student
activities
Chapter 1
2
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 1
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 4
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 5
10
11
12
Elasticity
Elasticity of Demand &
Supply Cont
Elasticity & Total Revenue
Determinants of Price
Elasticity of Demand
Price Elasticity of Supply
Determinants of Supply
Elasticity
Applications of Elasticity
in Business
Consumer
Choice
&
Demand
Utility Analysis
The Law of Diminishing
Marginal Utility
Marginal Utility & the Law
of Demand
Consumer surplus
Consumer
Choice
&
Demand cont
Indifference Curves &
Theory of Demand
Consumer Equilibrium
The theory of consumer
Choice
Substitution & Income
Effect
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 6
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 6
Student
Presentation
Case
study,
Recap,
Numerical problems
Internal test/ quiz
Theory of Production and
Cost
Cost & Profit
Production in the short run
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 7
13
14
15
16
17
18
Perfect Competition
An introduction to Perfect
competition
Short-Run
Profit
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 9
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 7
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 8
Student
Presentation
19
20
21
22
Maximization
Economic Profits in the
Short-Run
Minimizing
Short-Run
Losses
The Firm & Industry
Short-Run Supply Curves
Perfect Competition cont..
Perfect Competition in the
Long Run
The Long-Run Industry
Supply Curve
Implications of Perfect
Competition
Monopoly
Barriers to Entry
Revenue
for
the
Monopolist
The Firms Costs & Profit
Maximization
Monopoly Cont
Monopoly & Allocation of
Resources
Deadweight
Loss
of
Monopoly
Price Discrimination
Implications of Monopoly
Monopolistic competition
& Oligopoly
Monopolistic competition
Characteristics
of
Monopolistic Competition
Economic Profits in the
Short Run & in the Long
Run
Comparison
between
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 10
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 10
24
25
26
27
28
Monopolistic competition
& Oligopoly cont
An
Introduction
to
Oligopoly
Characteristics
of
Oligopoly
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 11
Monopolistic competition
& Oligopoly cont
Models of Oligopoly
Cournots Model
Sweezys Model
Cartels
Leadership Model
Game Theory
Implications of Oligoply
Case
study,
Recap,
Numerical problems
Internal test/ quiz
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 11
Micro ECON by
McEachern/
Kaur, Ed. 2
chapter 17
Student
Presentation
29
30
Micro ECON by
Student
Presentation
Student
Presentation
Case
study,
Recap,
Numerical problems
Internal test/ quiz
Books/Journals/Magazines/
Readings
Author
McEachern &
Kaur, Ed. 2
Publisher/Ye
ar/
Cengage
Learning,
2014
Atte
nda
nce
Qui
zzes
Gro
up
assi
gnm
ent
Inte
rnal
Test
Ter
m
end
exa
m
PSG2
LG1
(MK)
LG2
(CT)
LG3
(CS)
LG4
(TO)
LG5
(GA)
10%
20
%
10%
10
%
50%
LG6
(ER)
Explanation of the
choice of methods News analysis will be used to measure Management Knowledge ability.
for assessment of It will assess the Practical Applications of Concepts in Management.
Learning Goals
Learning Goals*
1.
2.
3.
4.
5.
6.
Internal assessment:
Attendance 10 Marks
Quiz 20 Marks
QMS 5.0/ session plan/ 2016-17/version 5.0/ 1.1/ Managerial Economics
Conclusions
Selection of news
Time management
Team work