Interested in joining our January 2025 batch? Applications opens on September 30, 2024.

Interested in joining our January 2025 batch? Applications opens on September 30, 2024.

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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