Course Type	Course Code	No. Of Credits
Foundation Core	SBP1BB018	4

Course Description:The course ‘Economics for Managerial Decision Making’ sensitises the participants to the decision making process within various organizational settings through a microeconomics lens. It will enable the students to identify major areas of management decision making for which economic analysis is a useful input. It focuses on demand estimation and forecasting, production and cost analysis under different market structures, pricing decisions, analysis of market failures, and decision making under uncertainty.

The course, carrying 4 credits, comprise the following modules.

Microeconomic Concepts
Theory of Consumer Choice
Production and Cost
Market Structures
Market Failures and Role of the State

Assessment Pattern (Tentative)

Class Assignments – 2 assignments of 10% weightage each	20%
Case Studies – 2 assignments of 10% weightage each	20%
Mid Term Exam	30%
End Term Exam	30%

Suggested Readings

Managerial Economics: Concepts and Principles, by Donald N. Stengal, Harvard Business School Press
Mankiw, N.G. (2011). Principles of Economics, 6th edition. South-western College Publishing.
Economic Decision Making Using Cost Data: A Manager’s Guide, by Daniel Marburger and Ryan Peterson, Harvard Business School Press
Market Failure, Market Distortions and Market Solutions, Harvard Business School Publishing, by Kenneth S. Corts
Salvatore, D. (2016). Managerial Economics in a Global Economy (7th edition). Oxford University Press: USA.
Peterson, C.H., Lewis, W.C., Jain, S. K. (2008). Managerial Economics (5th edition). Pearson Education.
Besanko, D., Dranove, D., Shanley, M., Schaefer, S. (2013). Economics of Strategy (6th edition). Wiley.
Thomas, C.R., Maurice, S.C. (2017). Managerial Economics: Foundations of Business Analysis and Strategy (10th edition). McGraw Hill Education.