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Managerial Economics Notes | PDF, Syllabus | MBA 2024

• Post last modified: 5 April 2022
• Reading time: 35 mins read
• Post category: MBA Study Material

Download Managerial Economics Notes for MBA 2024. We provide the complete MBA 1st Sem managerial economics study material which includes managerial economics notes , managerial economics books , managerial economics syllabus for MBA , managerial economics reference books , managerial economics question paper , managerial economics questions and answers and available in managerial economics pdf form.

Table of Content

• 1 Introduction To Economics​
• 2 Demand Analysis
• 3 Supply Analysis
• 4 Elasticity of Demand & Supply
• 5 Consumer Demand Analysis
• 6 Cost & Production Analysis
• 7 Cost and Revenue Analysis
• 8 Market Structure
• 9 Market Failure
• 10 Managerial Economics Tutorial
• 11 Managerial Economics Notes PDF
• 12 Managerial Economics Notes
• 13 Managerial Economics MBA Syllabus
• 14 Managerial Economics Questions and Answers
• 15 Managerial Economics Question Paper
• 16 MBA Managerial Economics Books
• 17 Managerial Economics Reference Books
• 18 Go On, Share & Help your Friend

The managerial economics study material can be downloaded in managerial economics pdf from the below article.

Introduction To Economics​

( Click on Article List to Read )

• What is Economics?
• Nature of Economics
• Scope of Economics
• What is Business Economics?
• Difference Between Micro and Macro Economics
• Laws of Economics
• What is Business Cycle?
• What is Inflation?

Demand Analysis

• What is Demand?
• Types of Demand
• Determinants of Demand 
• Law of Demand
• What is Demand Schedule?
• What is Demand Function?
• What is Demand Curve?
• Demand Curve Shifts

Supply Analysis

• What is Supply?
• Determinants of Supply
• Law of Supply
• What is Supply Schedule?
• What is Supply Curve?
• Supply Curve Shifts

Elasticity of Demand & Supply

• Elasticity of Demand
• Price Elasticity of Demand
• Types of Price Elasticity of Demand
• Factors Affecting Price Elasticity of Demand
• Importance of Price Elasticity of Demand
• Income Elasticity of Demand
• Cross Elasticity of Demand
• Elasticity of Supply

Consumer Demand Analysis

• Utility in Economics
• Consumer Demand
• Law of Diminishing Marginal Utility
• Indifference Curve
• Demand Forecasting
• Methods of Demand Forecasting
• Criteria for Good Demand Forecasting

Cost & Production Analysis

• Production in Economics
• Production Possibility Curve
• Production Function
• Types of Production Functions

Cost and Revenue Analysis

• Types of Cost
• Shor t Run Cost
• Long Run Cost
• Economies of scale and Diseconomies of Scale
• What is Revenue?

Market Structure

• Types of Market Structures
• What is Market Power?

Market Failure

• What Market Failure?
• Price Ceiling and Price Floor

Managerial Economics Tutorial

We have also prepared the Managerial Economics Tutorial which is specifically designed for MBA student, who wants to learn Managerial Economics in MBA .

Read: Managerial Economics Tutorial

Managerial Economics Notes PDF

	Download

Managerial Economics Notes

Managerial Economics in MBA is a crucial skill to learn. The course is mainly analytical in nature and focuses on clarifying fundamental concepts from microeconomic viewpoint. It studies the problems and principles of an individual business firm or industry.

Managerial economics , or business economics , is a division of microeconomics that focuses on applying economic theory directly to businesses. The application of economic theory through statistical methods helps businesses make decisions and determine strategy on pricing, operations, risk, investments and production. The overall role of managerial economics is to increase the efficiency of decision making in businesses to increase profit.

Managerial Economics MBA Syllabus

Broadly managerial economics MBA syllabus is divided into 5 unit and it is mentioned below. You can download the syllabus in managerial economics pdf form.

Introduction to Managerial Economics: Economics and Business Decision Making; Economics: Scope of economics; economics as a tool for decision making; Business Economics: Definition and scope; the distinction between economics and Business Economics; Economic Indicators and Business Cycles.

Demand and Supply Analysis: Demand, Generalized Demand Function, The law of demand, Shift and movement along demand curve, Elasticity of demand: Price, Income and Cross Price elasticity of demand, Demand Estimation: Basic concepts , Supply, Generalized supply function, Supply functions, Shifts and movement in the supply curve, Supply elasticity, Market equilibrium, Changes in the market equilibrium, Changes in demand (supply constant), Changes in supply (demand constant).

Cost & Production Analysis: Production in the short run, Total product, Average and marginal products, Law of diminishing marginal product, Production in the long run, Production isoquants, Characteristics of isoquants, Marginal rate of technical substitution, Isocost curves, Finding the optimal combination of inputs, Short run costs of production, Fixed and variable cost, Short run total costs, Average and marginal cost, Marginal cost curves, Long run costs, Derivation of cost schedule from a production function, Economies and diseconomies of scale, Economies of scope

Managerial Decisions in Competitive Markets: Features of perfect competition, Profit maximization in the short run, Profit maximization in the long run, Managerial decisions for firms with market power, Measurement of market power: The Lerner Index, Determinants of the market power: Economies of scale, Barriers created by government, Profit maximization under monopoly: output and pricing decisions, Monopolistic competition: short run and long-run equilibrium, Pricing decision in an oligopoly: The Kinked Demand curve model.

Market Failures and Price Regulations: Market failures and need for regulation, Regulations and market structure, Firm behavior, Price regulation

Managerial Economics Questions and Answers

Some of the managerial economics questions and answers are mentioned below. You can download the QnA in managerial economics pdf form.

• Define Managerial Economics.
• Discuss the nature and scope of Managerial Economics. What are the other related disciplines?
• Distinguish between Micro and Macro Economics.
• Is Managerial Economics a Positive or Normative Science? Discuss.
• Discuss different types, determinants, exceptions of demands.
• Discuss the concept, determinants of supply.
• What do you understand by the law of supply and exceptions to the law of supply?
• Describe total utility and marginal utility.
• Explain the meaning of indifference curve and list its properties.
• Explain the concept of price, income, cross elasticity of demand.
• Describe the steps and criteria in demand forecasting.
• Explain the law of diminishing returns.
• Explain the concept of cost and discuss various types of costs.
• Write a short note on pure, perfect, monopolistic, oligopoly competition.
• Explain the causes of market failure.

Managerial Economics Question Paper

If you have already studied the managerial economics notes , then its time to move ahead and go through previous year managerial economics question paper will help you to understand question paper pattern and type of managerial economics questions and answers asked in MBA managerial economics exam. You can download the syllabus in managerial economics pdf form.

MBA Managerial Economics Books

Below is the list of managerial economics books recommended by the top university in India. You can buy them from Amazon.

Managerial Economics

• Author : P.L Mehta
• Publisher:  Sultan Chand and Sons, (2014)
• Amazon Bestsellers Rank : #102 in Economic Policy & Development
• Customer Rating: 3 out of 5
• Publisher:  Pearson Education; 6th ed.
• Amazon Bestsellers Rank : #1567 in Management
• Customer Rating : 3.8 out of 5
• Publisher:  Pearson, 4th ed.
• Author : Peter and Jain
• Amazon Bestsellers Rank : #29 in Production, Operation & Management
• Customer Rating : 4.7 out of 5

Managerial Economics Reference Books

Below is the list of managerial economics books recommended by the top university in India.

• Yogesh Maheswari, Managerial Economics, Phi Learning, New Delhi, 2005 Gupta G.S.
• Moyer &Harris. Managerial Economics, Tata Mcgraw-Hill, New Delhi
• Geetika, Ghosh & Choudhury. Managerial Economics, Cengage Learning, New Delhi, 2005
• Managerial Economics, Tata McGraw-Hill, New Delhi, 2011
• P. L. Mehta, Managerial Economics, Sultan Chand and sons, Pearson Education
• Dominick Salvatore, Managerial Economics, adapted by Ravikesh Srivastava, Oxford University press
• Mote V.L., Samuel Paul and G.S. Gupta, Managerial Economics Concepts and Cases, Tata McGraw Hill Publishing Company Ltd., New Delhi, 2001

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In the above article, a student can download Managerial Economics Notes . We have provided the complete managerial economics study material which includes managerial economics notes for mba , managerial economics books , managerial economics syllabus for MBA , managerial economics question paper , managerial economics reference books , managerial economics questions and answers , managerial economics tutorial in managerial economics pdf form.

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MOC Student Projects on Country & Cluster Competitiveness

The competitive assessments listed on this page have been prepared by teams of graduate students mostly from Harvard Business School and the Harvard Kennedy School of Government and other universities as part of the requirements for the Microeconomics of Competitiveness.  Each study focuses on the competitiveness of a specific cluster in a country or region and includes specific action recommendations.

These studies represent a valuable resource for researchers, government officials, and other leaders.  Students have given permission to publish their work here; the copyright for each report is retained by the student authors.  References to the reports should include a full list of the authors.

Student Projects by Country

• Argentina Soy Cluster  (2016)
• Armenia IT Services Cluster  (2006)
• Australia Liquefied Natural Gas (LNG) Cluster  (2016)
• South Australia Wine Cluster  (2010)
• Australia Renewable Energy  (2008)
• Belgium Chocolate Cluster  (2016)
• Wallonia Aeronautic Cluster  (2013)
• Belgium Pharmaceuticals  (2011)
• The Botswana Textiles Cluster  (2007)
• Brazilian Petrochemical Cluster  (2017)
• Sao Paulo Plastics  (2013)
• Leather Footwear in Brazil  (2012)
• Brazil Aviation  (2011)
• Bio-ethanol Cluster in Brazil  (2009)
• Brazil Biotech Cluster: Minas Gerais  (2009)
• The Poultry Cluster in Brazil  (2006)
• Bulgaria's Apparel Cluster  (2007)
• Alberta Energy Cluster  (2010)
• Ontario Financial Services  (2008)
• Transportation and Logistics Cluster in Northeast China  (2017)
• Wind Turbine Cluster in Inner Mongolia  (2009)
• The Chinese Apparel Cluster in Guangdong  (2006)
• Bogota Software Cluster  (2013)
• The Sugar Cane Cluster in Colombia  (2007)
• Colombia Shrimp Aquaculture  (2008)
• Costa Rica Data Centers  (2016)
• Costa Rica Medical Tourism  (2016)
• Ship & Boatbuilding in Croatia  (2009)
• The Danish Wind Cluster  (2017)
• The Danish Design Cluster  (2007)

Dominican Republic

• The Dominican Republic Tourism Cluster  (2012)
• Tourism in the Dominican Republic  (2007)
• The Textile Cluster in Egypt  (2012)
• The Offshoring Cluster in Egypt  (2009)
• France's Competitiveness in AI  (2017)
• Toulouse Aerospace Cluster  (2013)
• France Wine Cluster  (2013)
• Baden-Wuerttemberg Automobile Cluster  (2015)
• Germany Wind Power Cluster  (2010)
• Germany’s Photovoltaic Cluster  (2009)
• Hamburg Aviation Cluster  (2009)
• Biotechnology and Life Sciences in Munich  (2007)
• Ghana Cocoa Sector  (2017)
• Greece Shipping Cluster  (2010)
• The Fresh Produce Cluster in Guatemala  (2009)
• The Apparel Cluster in Honduras  (2007)
• Hong Kong Financial Services  (2008)
• Iceland Financial Services  (2008)
• The Antiretroviral Drug Cluster in India  (2017)
• Andhra Pradesh Pharmaceutical Cluster  (2013)
• Tamil Nadu (India) Automotive Cluster  (2012)
• Tirupur (India) Knitwear  (2011)
• India (Maharashtra) Automotive Cluster  (2010)
• Maharashtra Biopharmaceutical Cluster  (2009)
• Bangalore Biotechnology  (2008)
• Gujarat Diamonds  (2008)
• Bollywood — Maharashtra and India’s Film Cluster  (2008)
• Karnataka Offshore IT and Business Process Outsourcing Services Cluster  (2006)
• Bali Tourism Cluster  (2013)
• Ireland Financial Services Cluster  (2017)
• Ireland Internet Cluster  (2013)
• Ireland ICT Cluster  (2010)
• The Dublin International Financial Services Cluster  (2006)
• Israel Aerospace Cluster  (2015)
• Jerusalem Tourism Cluster  (2013)
• Israeli Biotechnology Cluster  (2006)
• Italy Tourism  (2011)
• The Italian Sports Car Cluster  (2006)
• Japan Automobile Cluster  (2016)
• Japan Skin Care Cluster  (2013)
• The Japanese Gaming Cluster  (2012)
• Japan Flat Panel Displays  (2011)
• The Video Games Cluster in Japan  (2009)
• Jordan Tourism Cluster  (2009)
• Kazakhstan Oil and Gas Cluster  (2010)
• Kazakhstan Energy Cluster  (2007)
• Kenya ITC Services Cluster  (2016)
• Kenya Tourism Cluster  (2016)
• Kenya Business Process Offshoring  (2011)
• Kenya Tea  (2009)
• Kenya Coffee  (2008)
• Kenya's Cut-Flower Cluster  (2007)
• Korea Showbiz Cluster  (2013)
• Korea Shipbuilding Cluster  (2010)
• Korea Online Game Cluster  (2006)
• Textile and Apparel Cluster in Kyrgyzstan  (2012)
• The Macedonian Wine Cluster  (2006)
• The Shrimp Cluster in Madagascar  (2006)
• Malaysia Semiconductor Cluster  (2015)
• Malaysia Palm Oil  (2011)
• Malaysia Financial Services  (2008)
• Queretaro Aerospace Cluster  (2015)
• Mexico Central Region Automotive Cluster  (2013)
• Mexico Chocolate Cluster  (2010)
• Electronics Cluster in Guadalajara Mexico  (2009)
• Baja California Sur Tourism  (2008)
• Monaco Tourism  (2011)
• Mongolia Mining Services Cluster  (2010)
• Morocco Automotive Cluster  (2015)
• Morocco Aeronautics Cluster  (2013)
• Morocco Tourism  (2008)
• Nepal Tourism Cluster  (2015)
• Nepal Tourism  (2011)

Netherlands

• Netherlands Medical Devices Cluster  (2013)
• Netherlands Dairy  (2011)

New Zealand

• New Zealand's Marine Cluster  (2009)
• The Nicaraguan Coffee Cluster  (2006)
• Lagos ICT Services Cluster  (2017)
• Nollywood —  The Nigerian Film Industry  (2008)
• Nigeria Financial Services  (2008)
• Norway’s Fish and Fish Products Cluster  (2017)
• Textiles Cluster in Pakistan  (2007)
• Lima Financial Services Cluster  (2016)
• Asparagus Cluster in Peru  (2012)
• Peru Tourism Cluster  (2010)

Philippines

• The Philippines Electronics Components Manufacturing  (2017)
• Medical Tourism in the Philippines  (2008)
• The Philippines Contact Center Cluster  (2007)
• The Tourism Cluster in Lisbon  (2017)
• The Automotive Cluster in Portugal  (2007)
• Romania Apparel Cluster  (2010)
• The Moscow Financial Services Cluster  (2012)
• Moscow Transportation  (2006)

Saudi Arabia

• Saudi Arabia Chemicals Cluster  (2016)
• Singapore Higher Education  (2016)
• Slovakia Automobile Cluster  (2016)

South Africa

• The Johannesburg Software Cluster  (2017)
• South Africa Iron Ore Cluster  (2013)
• South Africa Automotive Cluster  (2012)
• The South African Wine Cluster  (2009)
• Textiles & Apparel Cluster in South Africa  (2009)
• The South African Wine Cluster  (2006)
• Andalucia (Spain) Tourism  (2011)
• Apparel Cluster in Galicia Spain  (2009)
• The Spanish Wind Power Cluster  (2007)

Switzerland

• Banking in Switzerland  (2017)
• Switzerland Private Banking Cluster  (2010)
• Switzerland Watchmaking  (2010)
• Taiwan: Semiconductor Cluster  (2007)
• Tanzania Horticulture Cluster  (2010)
• Tanzania’s Tourism Cluster  (2006)
• Thailand Automotive  (2011)
• Thailand Automotive Cluster  (2007)
• Thailand Medical Tourism Cluster  (2006)

Trinidad & Tobago

• Tourism in Trinidad and Tobago  (2006)
• Tourism Cluster in Tunisia  (2012)
• Tunisian Tourism Cluster  (2008)
• Turkey Textiles and Apparel Cluster  (2012)
• Turkey Automotive  (2011)
• Turkey & The Construction Services Cluster  (2007)
• Uganda Fishing Cluster  (2010)

United Arab Emirates

• Dubai Logistics Cluster  (2015)
• Abu Dhabi (UAE) Petrochemical Cluster  (2012)
• Dubai (UAE) Tourism  (2011)
• The Transport and Logistics Cluster in UAE (2007)
• Dubai Financial Services Cluster  (2006)

United Kingdom

• The Future of the UK Midlands Automotive Cluster  (2017)
• London FinTech Cluster  (2016)
• IT Hardware Cluster in Cambridge, UK  (2012)
• UK Competitiveness and the International Financial Services Cluster in London   (2007)

United States

• Massachusetts Clean Energy Cluster  (2017)
• Ohio Automotive Cluster  (2017)
• Chicago Biotech Cluster  (2016)
• San Diego Craft Beer Cluster  (2016)
• Kentucky Bourbon Cluster  (2015)
• New York City Apparel Cluster  (2015)
• Pennsylvania Natural Gas Cluster  (2013)
• New York Motion Picture Cluster  (2013)
• Massachusetts Robotics Cluster  (2012)
• Miami, Florida Marine Transportation Cluster  (2012)
• South Carolina Automotive Sector  (2012)
• Tennessee Music Cluster  (2012)
• California Solar Energy  (2011)
• Silicon Valley (California) Internet-Based Services  (2011)
• Minnesota Medical Devices  (2011)
• Massachusetts Higher Education and Knowledge Cluster (2010)
• The North Carolina Furniture Cluster  (2009)
• Automotive Cluster in Michigan USA  (2009)
• Washington D.C. Information Technology and Services Cluster  (2008)
• The Chicago Processed Food Cluster  (2006)
• The Los Angeles Motion Picture Industry Cluster  (2006)

Student Projects by Cluster

Aerospace vehicles & defense, agricultural products.

• Asparagus in Peru  (2012)
• Textiles and Apparel Cluster in Turkey  (2012)
• Bulgaria's Apparel Cluster   (2007)
• South African Automotive Cluster  (2012)
• South Carolina (USA) Automotive Cluster  (2012)

Biopharmaceuticals

• Bangalore (India) Biotechnology  (2008)

Business Services

• Karnataka (India) Offshore IT and Business Process Outsourcing Services Cluster  (2006)

Construction Services

Education & knowledge creation.

• Massachusetts Higher Education and Knowledge Cluster  (2010)

Entertainment

• Nollywood The Nigerian Film Industry  (2008)

Financial Services

• The Moscow (Russia) Financial Services Cluster  (2012)
• Ontario (Canada) Financial Services  (2008)
• UK Competitiveness and the International Financial Services Cluster in London  (2007)

Fishing & Fishing Products

Health services, hospitality & tourism.

• Baja California Sur (Mexico) Tourism  (2008)

Information Technology

• The Johannesburg Software Cluster  (2017)

Jewelry & Precious Metals

• Gujarat (India) Diamonds  (2008)

Marine Equipment

Medical devices, metal manufacturing, metal mining, oil & gas products & services.

• Abu Dhabi (UAE) Petrochemical Cluster  (2012)
• Norway Oil and Gas Cluster  (2012)

Processed Food

Power generation & transmission, transportation & logistics.

• The Miami Florida Marine Transportation Cluster  (2012)
• The Transport and Logistics Cluster in the United Arab Emirates  (2007)

Introduction to Managerial Economics

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MBA MANAGEMENT ECONOMICS ASSIGNMENT 1

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This study investigates the potential contribution of Concentrating Solar Thermal Power (CSTP) to South Africa’s future electricity supply. By assessing different financial mechanisms, including the selling of Certified Emission Reductions (CERs) and Tradable Renewable Energy Certificates (TRECs), the viability of CSTP is demonstrated for 2008 and projected into the future to 2025. Data was collected through a number of avenues, including from the literature, through semi-structured interviews and a willingness-to-pay for “green” electricity survey in the City of Cape Town. CSTP technology is projected to experience cost reductions along a learning curve with cumulative global deployment, and the price of electricity in South Africa is projected rise as a result of the national electricity crisis. Electricity generated from CSTP becomes competitive with South Africa’s average electricity price after 2020-2025, and is already competitive with South Africa’s peaking electricity price today. With financing from the sales of CERs and TRECs CSTP generated electricity could already compete with South Africa’s average electricity price by 2013 and already is competitive with intermediated and peaking electricity from all fossil-power stations, including coal. This implies that planning for the future of South Africa’s electricity supply should be directed at CSTP and not nuclear, as it currently is. Nuclear generated electricity is also shown to be more expensive and it is argued that climate change financing, for which CSTP is eligible, will become a reliable revenue stream, which South Africa should not ignore. If South Africa is to achieve its target of reversing greenhouse gas emissions growth by 2020 – 2025 and at the same time have to build additional electricity generating capacity, it is argued that South Africa should invest in CSTP.

Overview of the South African energy sector as of 2020, 2022

Globally, renewable energy sees by far the fastest growth, with gasification and electrification remaining the main trends. As far as the local power utility, Eskom, are concerned they consist of a fleet of thirteen (13) coal fired power stations contributing to approximately 36000MW, a nuclear power plant, four (4) gas or petroleum power stations, two (2) hydro plants and two (2) pump storage facility, collectively contributing to around 41000MW of power generation capacity. Due to the delays in the planning and decision making process for additional energy resources, the actual reserve margins managed by the local utility were depleted and as a result of unplanned maintenance in 2008 this lead to the need for load shedding across the local utility’s complete network. In addition to this, Eskom did not adhere to the basic law of economics and instead of producing competitive electricity prices a cumulative increase of 503% from 2008 to 2020 had been observed. Coal fired pants are expected to remain the dominant source for electricity generation, at least till 2030, when Kusile and Medupi are fully commissioned. The depletion of national reserve margins sparked the interest into exploring feed-in tariffs (FITs) for renewable energy, but these were later rejected in favour of competitive tenders. The resulting program, now known as the Renewable Energy Independent Power Producer Procurement Program (REIPPPP), constituted of a public-private initiative on a massive and unprecedented scale helped to stabilise power supply and attempted to reduce South Africa’s dependence on coal and diesel, through the introduction of the use of renewable energy resources onto the national grid. In monetary terms, the Department of Energy reported that the investments into energy, renewables programme has, by 2017, brought $14-billion of foreign direct investment into the country This report highlights the key area’s of progress within the renewable energy sector in relation to South Africa’s developments as well as the current status of non-renewable energy sources, and electrification.

When there is not enough electricity available to meet the demand from all consumers, it becomes necessary to interrupt supply. According to power utility, Eskom, it is an effective way to avoid total collapse of the electricity supply grid (a national blackout) which will have disastrous outcomes for South Africa. In an effort to abrogate blame, Eskom transferred the responsibility to the public by threatening higher electricity tariffs and disengaging (cutting-off) indebted communities. The study assesses the impact of electricity-price volatility on household consumption of electricity and then examines the seasonal variations of electricity consumption in the Eastern Cape Province of South Africa, thereby countering/negating Eskom’s assertion of high household electricity consumption. The methodology adopted used the Linear Models comprising a Multiple Regression Model and an ANCOVA Model to estimate the elasticity of electricity and seasonal variations of electricity consumption. The electricity consumption, which was used interchangeably with electricity distribution, had been estimated as a function of electricity price, gas price, paraffin price, per capita income and population. Both gas and paraffin are substitutes of electricity in the sample; although cross elasticity with respect to the usage of both was found inelastic. Electricity consumption was greater in the third quarter as compared to the lower first quarter. The research findings indicated that price and income were inelastic with the population showing no positive correlation with electricity consumption.

IEEE AFRICON. 6th Africon Conference in Africa,, 2002

This study reviews the past and present energy policy risk in regard to developing wind energy projects in South Africa. South Africa has a carbon-intensive electricity supply and since the country experienced blackouts in 2008 the South African government has been trying to implement policy to encourage the inclusion of renewable energy developers. From publishing a renewable energy feed in tariff (REFIT) to abolishing this and replacing it with a competitive bidding process because the REFIT did not conform with the Public Finance Management Act, renewable energy policy development in South Africa has been on somewhat of a rollercoaster ride. Under the Renewable Energy Independent Power Producer Programme (REIPPP) renewable energy projects are bid for on a competitive basis with the aim of achieving the renewable energy targets stipulated under the Integrated Resource Plan (IRP). Finally wind developers are seeing green lights and already almost 1200 MW of capacity has been accepted for development. A major barrier to the deployment of renewable energy has been the low cost of electricity. Renewable energy generating technologies were unable to compete at R0.25/ kWh or less. Even with support from the Renewable Energy Finance and Subsidy Office (REFSO) the subsidies offered were considered too low to support the deployment of renewable energy technologies. Only R15 million was handed out with Darling Wind Farm being the only solar or wind project to have managed to secure funding from REFSO. In 2010, after the REFIT had been announced, it seemed that the renewable energy market in South Africa was set to go. By the end of 2010 more than 1,100 MW of wind capacity was already under development but independent power producers (IPPs) were unable to secure power purchase agreements (PPA). With the revision of the REFIT and its abandonment and replacement by the REIPP in 2011 wind businesses have had to struggle to ensure that their developments would still go ahead. Shifting power relations, government capacity questions and un-coordinated policy development has lead to the renewable energy policy shifts witnessed. These policy shifts have made it extremely difficult for wind energy developers. Many have had to accept a “wait and see” stance that has impacted their financial turnover. South Africa is an example of the difficulties witnessed in developing policy aimed at transitioning an economy to a lower carbon future.

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MBA in Business Economics Syllabus and Subjects

The MBA Economics syllabus combines applied economics with business studies. The course spans two years , divided into four semesters , and covers essential topics including Macro & Microeconomics, MIS, Public Finance and Taxation, and Statistical Methods . Graduates have job opportunities in both private and public sectors, with an average salary of INR 10 LPA .

Table of Content

MBA in Business Economics 1st Year Syllabus

Mba in business economics 2nd year syllabus, mba in business economics subjects in detail, semester wise mba business economics syllabus.

The MBA Economics syllabus covers various topics such as Accounting, Marketing, Statistics, Taxation, and Finance. Elective courses are offered from the second year. See tables for the semester-wise MBA Business Economics Syllabus.

The table given below highlights MBA Business Economics Syllabus for 1st Year:

Course Status :	Completed
Course Type :	Core
Duration :	6 weeks
Category :
Credit Points :	2
Postgraduate
Start Date :	30 Jul 2021
End Date :	30 Oct 2021
Enrollment Ends :	15 Sep 2021
Exam Date :	13 Nov 2021 IST

Micro Economic Analysis	Macroeconomic Analysis & Policy
Business Accounting	Public Finance and Taxation
Marketing Management	International Economics
Computer Application	Indian Financial Systems
Project Appraisal and New Venture Analysis	Advanced Study of Indian Economy
Statistical Methods	Basic Econometrics

The table given below highlights MBA Business Economics Syllabus for 2nd Year:

Business, Government & Society	Contemporary Indian economy
Management Information System	Business Policy and Strategic Management
Operations Research	Business Ethics and Stress Management
International Financial System	Time Series Analysis and Business Forecasting (Elective)
Development Economics	International Marketing (Elective)
Summer Internship/ Training Report	Dissertation

MBA in Economics Subjects

MBA in Economics subjects are classified into core, elective, and practical subjects. Internships and projects are an essential part of the MBA Business Economics syllabus. The MBA economics subjects are listed below and categorically divided:

MBA in Business Economics Core Subjects

Given below are the core subjects offered in the MBA in Economics subjects:

• Micro Economics Analysis 
• Statistical Methods
• Principles of Management
• Organizational Behaviour
• Business Accounting
• Computer Application
• Macro-Economic Analysis
• Public Finance and Taxation
• Business Environment and Communication
• Indian Financial Systems
• Advanced Study of the Indian Economy
• Business Research Methodology
• Talent Acquisition and Development

MBA in Business Economics Elective Subjects

Apart from core subjects, there are some of elective as well in the MBA in Economics sbucjects:

• Advanced Econometrics 
• Topics in Game Theory
• Simulation and Modelling in Business Management
• Marketing Research
• Logistics and Supply Chain Management
• International Marketing
• Customer Relationship Management
• Investment and Portfolio Theory and Management
• Corporate Restructuring, Mergers & Acquisitions
• Credit & Risk Management/Financial Risk Management  

MBA Economics subjects focuses on a wide variety of topics, some of which are highlighted in the table below:

Micro Economics Analysis	Demand and Supply, Consumer Theory, Producer Theory, Markets and Strategic Interaction, . Basic ideas of welfare economics, Market failure, Externalities.
Accounting for Business	Introduction to Accounting system, Accounting Records & Systems, Income measurement/Revenue recognition and Current assets.
Marketing Management	Macro & Micro business environment analysis, Competitive analysis, New product management, Pricing & its management.
Quantitative Techniques in Management	Linear Programming, Transportation and Assignment Models, Integer Programming, Goal Programming and Non-linear Programminig, Decision Theory.
Statistics and Data Analysis	Descriptive Statistics and Exploratory Data Analysis, Basic probability theory, Discrete and Continuous Probability Distributions, Statistical Inference (Sampling and Estimation).

MBA in Business Economics Course Structure

The MBA in Economics in India is based on the CBCS system and includes electives and projects in the 2nd year. The 1st year focuses on the fundamentals. Below is the general course structure for an MBA in Economics in India.

• IV Semesters
• Core and Elective subjects
• Project Submission
• Internship 

MBA in Business Economics Teaching Methodology and Techniques

MBA in Business Economics syllabus is taught via course content and level of study. Students must undertake an independent study to submit their final-year internship file. Some of the teaching methods and technologies in the MBA Business Economics syllabus are:  

• Case Study Methods
• Presentations
• Business Quizzes
• Field Projects and Assignments
• Guest Lecturers
• Conference Events

MBA in Business Economics Projects

In MBA Economics syllabus, projects make up a large part of the credit. They involve industry case studies to demonstrate understanding of the course material. Here are some potential project topics for MBA in Economics:

• Bank Regulation in India
• The State of India's Economy
• The Delhi Metro Project
• Lessons from Economic Financial Crises in Recent Times
• Global Economic Crises
• Free Trade and Development
• Mahatma Gandhi National Rural Employment Guarantee Act

MBA in Business Economics Reference Books

The Economics MBA syllabus lists many reference books by various authors and publishers. See examples in the table below.

Outliers: The Story of Success	Malcolm Gladwell
Rich Dad Poor Dad	Robert Kiyosaki and Sharon Lechter
Freakonomics	Steven D. Levitt and Stephen J. Dubner
Capital: A Critique of Political Economy	Karl Marx
Sam Walton: Made in America	Sam Walton

Top MBA in Business Economics Colleges

Gujarat University

Ahmedabad,Gujarat

Rohtak,Haryana

Indore Professional Studies Academy

Indore,Madhya Pradesh

NIMS University

Jaipur,Rajasthan

Mewar University

Chittorgarh,Rajasthan

Atal Bihari Vajpayee Hindi Vishwavidyalaya, [ABVHV] Bhopal

Bhopal,Madhya Pradesh

CDLU - Chaudhary Devi Lal University

Sirsa,Haryana

DAVV Indore

Top Management Entrance Exams

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Exam Date: May 19, 2024

MBA in Business Economics Fee Structure

Faqs on mba in business economics syllabus and subjects.

Q: What are the topics of economics in MBA?

A: Finance, Marketing, Human Resources, Operations, Transport, and Applied Economics are subjects for the MBA in Business Economics.

Q: What is Business Economics in MBA?

A: MBA in Business Economics is a field related to applied economics in relation to Finance, Marketing, Human Resources, Operations, Transport, etc.

Q: What is the benefit of MBA in business economics?

A: MBA in business economics helps candidates ensure their future while assisting in landing jobs with job descriptions for project management, market research, and business forecasting.

Q: What is the salary of MBA business economics?

A: The average salary of MBA in business economics is INR 4 LPA.

80+ Economics Assignment Topics For College Students

Table of Contents

The Definition of Economics & Economics Assignments

80+ economics topics divided by subject, 💳 microeconomics, 🌐 macroeconomics, 💸 mesoeconomics, 🏦 digital economics, 💼 business economics, 🏛️ political economics, 🔗 industrial economics, 🌎 environmental economics, how to choose the topic and write an economics assignment.

Dealing with economics research topics, you must start with the basic definition of economics and determine what branch is taken by your subject of choice. In simple terms, economics stands for individual and social actions that lead to a person’s well-being. Therefore, we have assignments that are related to macroeconomics and microeconomics, which are mostly related to households and particular units that we face daily. The governments work with the macro part of the economics. As a way to help you see the light at the end of the proverbial tunnel, we have presented over 80 fresh economics assignment topics you can brainstorm and use as the template and inspiration. Don’t forget that our assignment writing service can help with any difficulty task.

This branch deals with the behaviour models by focusing on individuals that are representing single units or businesses that are not presenting national interests or take the scope of a large model. Here are great microeconomics assignment ideas to consider:

• The challenges of the development economics through the lens of the neo-classical model: the pros and cons of the free markets system.
• The role of the environmental impact on the financial processes that take place in developing countries with high populations.
• Behavioural consumption models and the analysis of the psychological factors of economical challenges.
• The use of AI-based instruments for estimation and analysis of the econometrics: how accurate are existing solutions?
• The Asian model of the labour economics and the use of marketing strategies to adjust the possible outcomes.
• Consumer behaviours and the use of social media as a marketing platform: the digital economics vs classic models.
• Business economics and the role of the individual actors for the economic models of the typical UAE households.
• The analysis of the “small picture” when dealing with the individual financial units.
• The negative role of cryptocurrencies for microeconomics as individual decision-making is not an educated guess.
• The most popular frameworks that are used by small businesses to develop their brands internationally.

Macroeconomics topics relate to the big picture where one approaches the economy through the lens of the national projection and studies aspects like employment, national processes, income, poverty, disparities, and similar aspects.

• What are the pros and cons of the classical free-market model and why the GDP levels are always affected?
• The inflation in Iceland and the banking crisis: what has this situation taught us with the example of the small country?
• Analysis of the aggregate demand in Wales and the employment challenges faced in the agriculture sector.
• How can the productive capacity of the economy be improved with the help of social media platforms?
• The comparison of Mercantilism and the Marxist models of economics to determine the existing situation per case.
• The policies that have been implemented by the Arabic government as a measure to stimulate economic growth.
• What are the pros and cons of the current monetary policies and why does it cause a necessity to address the tax policy in 2022.
• Inflation in Monaco and the challenges of the aggregate output: where should one seek urgent buffer assistance?
• The armed conflicts and the instant pricing changes: why do we ignore the details when studying the processes?
• Stock markets and the use of social decision-making models for macroeconomics.

This interesting branch of science deals with the intermediate sections of economics. You may focus on agriculture alone or the supply of musical instruments as an example. It will have to research infrastructure, brand registration, and all the related processes.

• The estimation of resources and the outward share of the business activity.
• Dealing with the region’s willingness to import goods and the social aspect of communications.
• The production run and economic activities of retailers when dealing with the system components.
• How has the transportation system changed and what adjustments have to be made to regional economies in the UAE?
• The most frequent communication challenges encountered by mesoeconomics specialists.
• The use of graphical concepts and the assistance of software solutions to present economic models.
• Economic efficiency when using politics as the driving force of regional distribution.
• The role of the environmental factor in the limitations and pitfalls of local economics.
• Methodology of economics in the developing countries: export and import specifics from the UAE.
• Price determination and analysis of the opportunity costs in the IT sector.

These economics research topics focus on the use of digital tools and solutions to promote certain products and regulate banking and transactional processes by turning to electronic means of communication.

• Electronic delivery methods and innovations in 2022.
• Creation of the digital ecosystem for the developer.
• E-commerce and internet retailers: is there brand loyalty?
• The pros and cons of electronic digital payments.
• How can social networks help promote the economic challenges?
• The pros and cons of the mixed digital MNEs.
• Cloud solutions for storage of statistical data.
• Recruitment and retention of freelance specialists in the sector of economics.
• Internet and adjustment of existing analytical resources for small businesses.
• IT regulations and legislative norms that have changed in 2022.
• Shared economy and the phenomenon of crowdfunding.
• The positive sides of the Internet of Things.
• Robotics and the economical challenges of the labour market.
• Online economics and green energy supplies.
• The model of the digital state control: from videoconferencing to cryptocurrencies.

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Speaking of topics related to economics, you may pursue the business side of things by exploring ideas like these:

• The probability factor of the market analysis when dealing with the emerging business trends.
• The production stages for the typical global economy projects: how is the cultural aspect approached?
• Cost-benefits model versus working capital framework.
• How should an average marketing idea be presented in 2022?
• Budget accounting and protection of the digital funds: is cloud storage a safe option?
• Price determination methods in the UAE versus the United States.
• Working in an international business environment: should an international economics approach be used?
• The pros and cons of quantitative methods in the Arabic business environments.
• Managerial decisions and calculations of available costs.
• Global expansion strategies used by the Asian markets.

Most processes related to economics are always influenced by political decisions, which is why it would be an excellent idea to combine economics and politics for your research writing.

• The heritage of women’s suffrage and the developmental practices.
• The ethical side of the political campaigns in the UAE.
• The representation of politicians in the business circles.
• The usefulness of political coalitions and cooperation methods in 2022.
• Transformational changes and the state autonomy models for economical growth.
• The domination of international actors and the national interests.
• Keynesianism theories versus Marxist political economy.
• Public economy versus political economies in the EU countries.
• Gender factor in the political processes that affect economies.
• Healthcare system and the bias presented in terms of accessibility.

You may take a general approach to industrial economics or focus on a particular sector where you can apply a mesoeconomic model. See these topics related to economics with an industrial touch:

• The challenges of supply conditions when choosing the location.
• Business objective and the fair evaluation of production methods.
• Distribution of buyers and sales in the Arabic chemical industry sector.
• Outsourcing and the use of remote industrial facilities in 2022.
• Technological progress and profitability factor.
• Vertical integration of Maslow’s Theory of Needs.
• Product design and branding methods: why accuracy matters.
• Price elasticity and the use of economical prognosis for determination purposes.
• Customer preferences and adjustment of industrial processes.
• Environmental legislation for the risky industries in the UAE.

It focuses on the importance of environmental care and studies the cause-and-effect issues. See these trending environmental economics topics:

• The waste management and the awareness-raising via implementation of environmental impact visuals.
• The use of stock materials and modern storage methods to reduce pollution.
• An environmental impact of the consumerism economics model.
• Households and the waste absorption vs business waste producers.
• The importance of biodiversity and promotion of healthy values via economic means.
• The pharmaceutical industry and the economical aspect of beauty products.
• Why are the initiatives of Green Peace not always helpful in terms of economics?
• The profitability of environmental education in Arabic primary schools.
• The political agenda of the global warming messages and the stock market changes.
• Building a safe ecosystem with the help of digital transactions: the pros and cons.

Choosing a topic for your economics assignment may seem quite challenging, yet there are good ways to make things easier. Always start with a subject that inspires you by focusing on those branches where you can show your skills. Determine where your subject belongs and continue from there. You should narrow your subject either to a particular case study or to a time period where you can speak of the causes and the effects of specific economical processes. If it all sounds too challenging, you may buy economics assignment online and let a trained expert assist you with anything from topic selection to the final proofreading. Do not wait and think twice when you need urgent assistance because professionals are available 24/7! Economics is not an easy subject, so it’s only natural to ask for help!

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