Skip to content

COMMERCEIETS

STUDY TO ENLIGHTEN YOURSELF

  • BCOM GNDU NOTES – SCORE BEST IN YOUR EXAMS!!!
  • MANAGEMENT ACCOUNTING
  • BUSINESS ORGANISATION
  • DIRECT TAX LAWS
  • INTERNATIONAL BUSINESS
  • INDUSTRIAL AND LABOUR LAWS
  • OPERATIONS RESEARCH
  • RISK MANAGEMENT AND INSURANCE
  • BUSINESS STATISTICS
  • PARTNERSHIP ACCOUNTS
  • CORPORATE ACCOUNTING
  • COMMERCIAL LAW
  • MANAGERIAL ECONOMICS
  • BUSINESS MANAGEMENT
  • 11 ACCOUNTANCY
  • GOODS AND SERVICE TAX
  • MICRO ECONOMICS
  • 12 ACCOUNTANCY
  • KEY DIFFERENCES
  • COST ACCOUNTING
  • FINANCIAL ACCOUNTING
  • FINANCIAL MANAGEMENT
  • Toggle search form

Category: MICRO ECONOMICS

MICRO ECONOMICS

Micro Economics contains the topics of demand, production, costs, market structures and product pricing, macro economics, oligopoly, perfect competition, monopoly.

MANAGERIAL ECONOMICS

Managerial Economics contains the topics of demand, production, costs, market structures and product pricing, macro economics, oligopoly, perfect competition, monopoly.

INTRODUCTION

Meaning of managerial economics, characteristics of managerial economics, nature of managerial economics, managerial economics- an interdisciplinary science, scope of managerial economics, importance of managerial economics, fundamental concepts or basic economic tools in managerial economics, the decision making process in managerial economics.

OBJECTIVES OF BUSINESS FIRMS

Profit maximization, satisfactory level of profits, sales maximization, sales maximization process- baumol’s model, behavioral theory of the firm, other objectives, social responsibilities of business firms.

BASIC ECONOMICAL CONCEPTS IN MANAGERIAL ECONOMICS

Introduction, basic concepts in managerial economics, the opportunity cost principle, relevance of opportunity cost, marginal anaylsis of the incremental principle, difference between marginal concept and incremental concepts, the time perspective principle, the discounting principle, the equi-marginal principle,.

THEORIES OF THE FIRM- MARGINALIST, MANAGERIAL AND BEHAVIORAL

The concept of a firm, objectives of the firm, conflict and complementary between different objectives, the trade off between profits and leisure. The profit-maximization hypothesis, the two approaches to the equilibrium of a profit maximization firm. The two approaches of firm’s equilibrium, equilibrium of firm under perfect competition,equilibrium of a multi-product firm, The isorevenue curve. Equilibrium of the  multi-product firm, the profit maximization assumption, freidman’s position, critiscim of freidmman’s position, the nature of the firm- the classical theory, critique of the classical theory of the firm, managerial capitalism and profit maximization, concluding observations, alternatives theories of the firm, the entrepreneurial firm. Baumol’s theory of sales revenue maximization.

KEYNESIAN PSYCHOLOGICAL LAW OF CONSUMPTION

Posted on April 5, 2020January 29, 2022 By commerceiets No Comments on KEYNESIAN PSYCHOLOGICAL LAW OF CONSUMPTION
KEYNESIAN PSYCHOLOGICAL LAW OF CONSUMPTION

KEYNESIAN PSYCHOLOGICAL LAW OF CONSUMPTION John Maynard Keynes has explained the consumption behaviour of the household sector through the Psychological Law of Consumption.in his work – The General Theory of Employment, Interest and Money  published in 1936. Therefore, this law is also known as “Keynesian psychological law of consumption”. It provides a key part of…

Read More “KEYNESIAN PSYCHOLOGICAL LAW OF CONSUMPTION” »

MANAGERIAL ECONOMICS, MICRO ECONOMICS

CONSUMPTION FUNCTION

Posted on April 5, 2020January 27, 2022 By commerceiets No Comments on CONSUMPTION FUNCTION
CONSUMPTION FUNCTION

CONSUMPTION FUNCTION Consumption function or propensity to consume refers to the general income consumption relationship. It represents functional relationship between two aggregates i.e., total consumption and total income. It shows how consumption expenditure varies with given changes in income. ACCORDING TO K. KURIHARA “Consumption represents amount of consumer expenditure made at a given level of…

Read More “CONSUMPTION FUNCTION” »

MANAGERIAL ECONOMICS, MICRO ECONOMICS

MEASUREMENT OF NATIONAL INCOME

Posted on March 30, 2020January 27, 2022 By commerceiets No Comments on MEASUREMENT OF NATIONAL INCOME
MEASUREMENT OF NATIONAL INCOME

MEASUREMENT OF NATIONAL INCOME National income is the total money value of goods and services produced by a country in a particular period of time. The duration of this period is usually one year.Measurement of National income can be made by taking three viewpoints, namely production viewpoint, income viewpoint, and expenditure viewpoint. Based on these…

Read More “MEASUREMENT OF NATIONAL INCOME” »

MANAGERIAL ECONOMICS, MICRO ECONOMICS

NATIONAL INCOME IN INDIA

Posted on March 29, 2020January 27, 2022 By commerceiets No Comments on NATIONAL INCOME IN INDIA
NATIONAL INCOME IN INDIA

NATIONAL INCOME IN INDIA The total net value of all goods and services produced within a nation over a specified period of time, representing the sum of wages, profits, rents, interest, and pension payments to residents of the nation. It is denoted by NNPFC. National Income in India is calculated by Income method, Product Method…

Read More “NATIONAL INCOME IN INDIA” »

MANAGERIAL ECONOMICS, MICRO ECONOMICS

PERFECT AND MONOPOLISTIC COMPETITION

Posted on March 28, 2020January 29, 2022 By commerceiets No Comments on PERFECT AND MONOPOLISTIC COMPETITION
PERFECT AND MONOPOLISTIC COMPETITION

DIFFERENCE BETWEEN PERFECT AND MONOPOLISTIC COMPETITION In this post you will learn about perfect and monopolistic competition differences. PERFECT COMPETITION A Perfect Competition market is that type of market in which the number of buyers and sellers is very large, all are engaged in buying and selling a homogeneous product without any artificial restrictions and…

Read More “PERFECT AND MONOPOLISTIC COMPETITION” »

MICRO ECONOMICS, KEY DIFFERENCES, MANAGERIAL ECONOMICS

MONOPOLY AND MONOPOLISTIC COMPETITION

Posted on March 28, 2020January 27, 2022 By commerceiets No Comments on MONOPOLY AND MONOPOLISTIC COMPETITION
MONOPOLY AND MONOPOLISTIC COMPETITION

DIFFERENCE BETWEEN MONOPOLY AND MONOPOLISTIC COMPETITION MONOPOLY The word monopoly has been derived from the combination of two words i.e., ‘Mono’ and ‘Poly’. Mono refers to a single and poly to control. In this way, monopoly refers to a market situation in which there is only one seller of a commodity. There are no close…

Read More “MONOPOLY AND MONOPOLISTIC COMPETITION” »

KEY DIFFERENCES, MANAGERIAL ECONOMICS, MICRO ECONOMICS

PRODUCT DIFFERENTIATION STRATEGY

Posted on March 28, 2020January 29, 2022 By commerceiets No Comments on PRODUCT DIFFERENTIATION STRATEGY
PRODUCT DIFFERENTIATION STRATEGY

PRODUCT DIFFERENTIATION STRATEGY In this post you will learn about Product differentiation strategy under Monopolistic competition Product differentiation is the means used by a firm in a monopolistic competitive market with many firms selling similar products to differentiate its product from that of other firms. Product Differentiation strategy is adopted to capture more market share…

Read More “PRODUCT DIFFERENTIATION STRATEGY” »

MICRO ECONOMICS, MANAGERIAL ECONOMICS

MONOPOLISTIC COMPETITION

Posted on March 28, 2020January 27, 2022 By commerceiets No Comments on MONOPOLISTIC COMPETITION
MONOPOLISTIC COMPETITION

MONOPOLISTIC COMPETITION The concept of monopolistic competition was put-forth by an American economist Prof. E.H. Chamberlin in his popular book, “The Theory of Monopolistic Competition” published in 1933. Monopolistic competition is a type of imperfect competition market structure in which a large number of firms produce differentiated products and there are no barriers to entry. ACCORDING…

Read More “MONOPOLISTIC COMPETITION” »

MANAGERIAL ECONOMICS, MICRO ECONOMICS

DIFFERENCE BETWEEN PERFECT COMPETITION AND MONOPOLY

Posted on March 24, 2020January 29, 2022 By commerceiets No Comments on DIFFERENCE BETWEEN PERFECT COMPETITION AND MONOPOLY
DIFFERENCE BETWEEN PERFECT COMPETITION AND MONOPOLY

DIFFERENCE BETWEEN PERFECT COMPETITION & MONOPOLY In this post you will study about difference between Perfect competition & Monopoly. PERFECT COMPETITION A Perfect Competition market is that type of market in which the number of buyers and sellers is very large, all are engaged in buying and selling a homogeneous product without any artificial restrictions…

Read More “DIFFERENCE BETWEEN PERFECT COMPETITION AND MONOPOLY” »

KEY DIFFERENCES, MANAGERIAL ECONOMICS, MICRO ECONOMICS

PRICE DISCRIMINATION

Posted on March 24, 2020January 29, 2022 By commerceiets No Comments on PRICE DISCRIMINATION
PRICE DISCRIMINATION

PRICE DISCRIMINATION UNDER MONOPOLY Price discrimination refers to the charging of different prices by the monopolist for the same product. The difference in the product may be on the basis of brand, wrapper etc. This policy of the monopolist is called price discrimination. ACCORDING TO KOUTSOYIANNIS “Price discrimination exists when the same product is sold…

Read More “PRICE DISCRIMINATION” »

MANAGERIAL ECONOMICS, MICRO ECONOMICS

Posts navigation

1 2 … 5 Next
  • 11 ACCOUNTANCY
  • 12 ACCOUNTANCY
  • BCOM GNDU NOTES
  • BUSINESS MANAGEMENT
  • BUSINESS ORGANISATION
  • BUSINESS STATISTICS
  • COMMERCIAL LAW
  • CORPORATE ACCOUNTING
  • CORPORATE OR COMPANY LAW
  • COST ACCOUNTING
  • DIRECT TAX LAWS
  • FINANCIAL ACCOUNTING
  • FINANCIAL MANAGEMENT
  • FINANCIAL MARKET OPERATIONS
  • GOODS AND SERVICE TAX
  • INDUSTRIAL AND LABOUR LAWS
  • INTERNATIONAL BUSINESS
  • KEY DIFFERENCES
  • MANAGEMENT ACCOUNTING
  • MANAGERIAL ECONOMICS
  • MICRO ECONOMICS
  • OPERATIONS RESEARCH
  • PARTNERSHIP ACCOUNTS
  • RISK MANAGEMENT AND INSURANCE
  • Uncategorized

Categories

Pages

  • ABOUT US
  • AUTHOR
  • BCOM GNDU NOTES – SCORE BEST IN YOUR EXAMS!!!
    • BUSINESS STATISTICS NOTES – DETAILED
    • COMMERCIAL LAW NOTES
    • COMPANY LAW NOTES
    • COST ACCOUNTING NOTES – SCORE BEST IN YOUR EXAMS!!!
    • FINANCIAL ACCOUNTING NOTES – SCORE 100% IN YOUR EXAM
    • FINANCIAL MANAGEMENT NOTES
    • FINANCIAL MARKET OPERATIONS NOTES FOR BCOM
    • OPERATIONS RESEARCH NOTES
  • BLOG
  • CONTACT US
  • PRIVACY POLICY

Copyright © 2023 COMMERCEIETS.

Powered by PressBook WordPress theme