Managerial Economics

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Description
This well-known book on the subject has stood the test of time for the last 35 years because of the quality of presentation of its text. It has become students' favourite as it provides the latest theories, thoughts and applications on the subject with timely revisions to stay up-to-date all the time. Since its first edition, it has provided complete, comprehensive and authentic text on micro and macro aspects of managerial economics. It has now been revised thoroughly with added interpretations of economics theories and concepts and their application to managerial decisions.
New in the Eighth Edition
>    Summary at the end of each chapter for quick recap
>    One complete new chapter, several new sections
New Chapters
>    Chapter 28, on 'IS-LM Model'
>    Splitting and expansion of topics resulting in new chapters on:
      •    'Market Demand and Market Mechanism' (Chapter 7) and 'Elasticity of Demand' (Chapter 8)
      •    'Price Determination under Perfect Competition' (Chapter 14); Price and Output Determination
            under Monopoly (Chapter 15); Price and Output Determination under Monopolistic Competition'
            (Chapter 16); and 'Price and Output Determination under Oligopoly (Chapter 17)
      •    Many more chapters totally overhauled with new thoughts
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Contents
Part I : Introduction
1.    Nature and Scope of Managerial Economics
2.    Objectives of Business Firms
3.    Some Fundamental Concepts and Business Decision Rules
4.    Basic Tools of Economic Analysis and Optimization Techniques
5.    Method of Estimating a Function: The Regression Technique
Part II : Theory of Consumer Demand and Demand Forecasting
6.    Analysis of Consumer Demand
7.    Analysis of Market Demand
8.    Elasticity of Demand
9.    Demand Forecasting
Part III : Production and Cost Analysis
10.  Theory of Production
11.  Theory of Cost and Break-Even Analysis
12.  Linear Programming
Part IV : Market Structure, Pricing Theory and Practices
13.  Market Structure and Pricing Decisions
14.  Price and Output Determination under Perfect Competition
15.  Price and Output Determination under Monopoly
16.  Price and Output Determination under Monopolistic Competition
17.  Price and Output Determination under Oligopoly
18.  Game Theory and Strategic Behaviour of Oligopoly Firms
19.  Alternative Theories of the Firm
20.  Pricing Strategies and Practices
Part V : Capital Budgeting and Investment Decisions
21.  Capital Budgeting and Investment Decisions under Certainty
22.  Investment Decisions under Risk and Uncertainty
Part VI : Macroeconomic Aspects of Managerial Econimics
23.  Macroeconomics: Definition, Nature, Scope and Importance
24.  Circular Flow Model of the Economy
25.  National Income: Concept and Measurement
26.  Theory of National Income Determination
27.  Monetary Sector of the Economy
28.  IS_LM Model of the Economy : The General Equilibrium Model
29.  Modern Theories of Economic Growth
30.  Business Cycles and Control Measures
31.  Theories of Inflation and control Measures
Part VII : International Aspects of Business Management
32.  Changing International Business Environment
33.  Theories of Foreign Trade
34.  Foreign Trade Policy : Free Trade vs. Trade Control
35.  Determination of Foreign Exchange Rate
36.  Balance of Payments: Meaning, Measuring and Adjustment
37.  International Monetary System
38.  Government's role in the Economy
39.  Monetary Policy
40.  Fiscal Policy
41.  Industrial Policy of India
42.  Some Economic Legislations
43.  Corporate Social Responsibility
Index
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Author Details
Dr. D N Dwivedi retired as Reader in Economics, Ramjas College, University of Delhi. He is presently Professor of Economic at Maharaja Agrasen Institute of Management Studies. He has imparted lectures to postgraduate and graduate students of Economics for over three decades. He has published more than fifty papers on various economic issues of the county in reputed national and international journals and contributed to renowned periodicals. Dr Dwivedi has worked as an Economics Consultant abroad and was awarded Senior Fellowship by the ICSSR Delhi. He has authored several other textbooks including principles of economics, Engineering Economics, Microeconomics: Theory and Applications and International Economics and edited Readings in Indian Public Finance. He is visiting in several al other management institutes of Delhi.
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