This presentation covers the following concepts:
- What is Business Economics?
- Scope of Business Economics Demand Analysis and Forecasting: Cost and production Analysis, Pricing Decisions, policies and practices, Profit Management, Capital Management, Market Structures & Objectives of the Firm
- Basic Concepts For Business Economic Analysis: Opportunity Cost Principle, Incremental Concept, Marginal Concept
- Relationship Between Total, Average And Marginal
- Marginal Analysis in Decision Making
- Functional Relations And Tools For Economic Analysis: Functions, Equations, Economic Data & Tools, Graphs, Curves & Slopes
