Applications Open now for May 2025 Batch | Applications Close: May 20, 2025 | Exam: July 13, 2025

Applications Open now for May 2025 Batch | Applications Close: May 20, 2025 | Exam: July 13, 2025

Degree Level Course

Managerial Economics

-To learn the workings of markets through the prism of Demand and Supply. -Understand how a rational consumer makes any choice. -Learn the relationships between production, costs, and profits -Learn different forms of markets and their key characteristics. -Understand how governments regulate businesses. -Learn the business model behind the success of Amazon, UBER, Alibaba, iPhone

by Vimal Kumar

Course ID: BSMS3033

Course Credits: 4

Course Type: Elective

Pre-requisites: None

Course structure & Assessments

For details of standard course structure and assessments, visit Academics page.

WEEK 1 Introduction
WEEK 2 Demand, Supply, and markets
WEEK 3 Elasticity and Empirical Methods for Demand Analysis
WEEK 4 Consumer Behavior
WEEK 5 Technology, Production, and Costs
WEEK 6 Perfectly Competitive Market
WEEK 7 Monopoly
WEEK 8 Monopsony and Monopolistic Competition
WEEK 9 Decisions under Risk and Uncertainty
WEEK 10 Asymmetric Information
WEEK 11 Government and Businesses
WEEK 12 Platform Businesses
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Prescribed Books

The following are the suggested books for the course:

Managerial Economics by Jeffery Perloff and James Brander

Intermediate Microeconomics by Hal Varian

Managerial Economics: A Problem Solving Approach by Luke Froeb, Brian McCannm, Mikhael Shor, and Michael Ward

About the Instructors

Vimal Kumar
Associate Professor, Department of Economic Science, IIT Kanpur

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