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Home / SPPU / Syllabus / Law / B.B.A. LL.B. (Five Years) / Second Year / Semester 3 / Managerial Economics

B.B.A. LL.B. (Five Years) Managerial Economics Syllabus - SPPU 2026

Managerial Economics Syllabus.pdf
Semester 3 · Second Year · 4 credits

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Syllabus for Managerial Economics

Semester 3 · Second Year · 4 credits

Objectives of the Course

  • The objectives of the course are: (1) To expose students to basic micro economic concepts; (2) To apply economic analysis in the formulation of business policies; (3) To use economic reasoning to problems of business.

Module 01: Introduction

  • 1. Meaning, Nature, and Scope of Business Economics, Micro and Macro
  • 2. Basic Economic Problems
  • 3. Market forces in solving economic problems
  • 4. Circular Flow of Income and Expenditure

Module 02: Demand Analysis

  • 1. Concept of Demand, Elasticity of Demand, and their types
  • 2. Revenue Concepts - Total Revenue, Marginal Revenue, Average Revenue, and their relationship

Module 03: Supply Analysis

  • 1. Concept and Law of Supply
  • 2. Factors Affecting Supply

Module 04: Cost Analysis

  • 1. Accounting Costs and Economic Costs
  • 2. Short Run Cost Analysis: Fixed, Variable and Total Cost Curves, Average and Marginal Costs
  • 3. Long Run Cost Analysis: Economies and Diseconomies of Scale and Long Run Average and Marginal Cost Curves

Module 05: Pricing under various Market Conditions

  • 1. Perfect Competition - Equilibrium of Firm and Industry under Perfect Competition
  • 2. Monopoly - Price Determination under Monopoly
  • 3. Monopolistic Competition - Price and Output Determination under Monopolistic Competition

Module 06: Distribution

  • 1. Marginal Productivity Theory of Distribution
  • 2. Rent: Modern Theory of Rent
  • 3. Wages: Wage Determination under Imperfect Competition - Role of Trade Union and Collective Bargaining in Wage Determination Interest
  • 4. Liquidity, Preference Theory of Interest Profits: Dynamic, Innovation, Risk - Bearing and Uncertainty Bearing Theories of Profits

Recommended Readings

  • 1. Textbook of Economic Theory - Stonier and Hague; Longman Green and Co., London.
  • 2. Introduction to Positive Economics - Richard G. Lipsey.
  • 3. Business Economics (Micro) - Dr. Girijashankar; Atharva Prakashan, Pune.
  • 4. Microeconomics - M. L. Seth.
  • 5. Microeconomics - M. L. Jhingan; Vrinda Publications, New Delhi.
  • 6. Managerial Economics - Theory and Application - D. M. Mithani.

Reproduced from the Savitribai Phule Pune University Revised Curriculum of Undergraduate Degree Programs of Law, the 2023 pattern as amended on 18 July 2024. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

Every subject above is cut from the revised syllabus. Open the document here if you want the whole thing rather than a single subject.

PDF Complete law syllabus Revised syllabus (CBCS 2023 pattern), as amended on 18 July 2024 Read full PDF Read
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