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Business economics easy notes for financial accounting students & professionals.
Business economics easy notes,reference guide,study material,education resources,articles,information for financial accounting students & professionals.
It almost covered all important topics for business economics which are given below
Unit – 1. Introduction to Economics
Nature, scope and limitations of Economics
Definition – Adam Smith, Marshall and Lionel Robins
Characteristics and classification of human wants
Law of Diminishing marginal utility
Unit – 2. Demand Analysis
Law of Demand & its types
Determination of Demand
Demand schedule, Changes in Demand & Elasticity of Demand
Types of Elasticity
Cardinal and Ordinal utility
Indifference curve analysis & Criticism of Indifference Curve
Unit – 3. Factors of production
Factors of production
Theory of Production
Economies of scale
Cost curves
Short run cost curves and long run cost curves
Break even analysis
Unit – 4. Pricing under perfect competition
Pricing under perfect competition
Monopoly
Price discrimination
Pricing in public utilities
Unit – 5. Government and business
Public enterprises
National income