Business Economics Kurukshetra University BCOM 1st Sem Notes

Unit 1 [Book]
Meaning, Nature, and Scope of Business Economics VIEW
Basic Economic Problems VIEW
Role of Price Mechanism VIEW
Microeconomics vs. Macroeconomics VIEW
Unit 2 [Book]
Demand Analysis VIEW
Law of Demand VIEW
Law of Supply VIEW
Elasticity of Demand: Price, Income, and Cross elasticity VIEW
Demand Forecasting: Meaning and basic methods VIEW
Unit 3 [Book]
Production and Cost Analysis VIEW
Law of Variable Proportions VIEW
Cost concepts: Fixed, Variable, Marginal, and Average Costs VIEW
Short-run and Long-run Cost curves VIEW
Unit 4 [Book]
Market Structures and Price Determination VIEW
Overview of Market Structures:
Perfect Competition VIEW
Monopoly VIEW
Monopolistic Competition VIEW
Pricing under different Market Conditions VIEW
Basic Pricing Strategies used by Businesses VIEW
Unit 5 [Book]
Solving Numerical Problems on Demand, Elasticity, and Cost VIEW
Case Studies on Pricing Strategies of Real Companies VIEW
Simple Demand Forecasting exercises VIEW
Interpretation of Economic data (Graphs and Tables) VIEW
Group discussion on Current Economic issues affecting Business VIEW

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