Format - Course outline (2010-11) ___________________________________________________________________ -Economics for Managers--------------------- (Name of the course) School of Business Management, NMIMS

MBA Banking----------------- (Name of Program): 2010-2011 Trim: --1-______________________________________________________________________ Instructor: _Souvik Dhar_________ Email Id: ----souvik@nmims.edu-----------------------------Extn no. --------------------------________________________________________________________________________ Goals: To build the basic analytical foundation; conducive for decision making in business. Objectives: To teach the basic principles of Microeconomics and Macroeconomics for a better understanding of modern banking and finance. Evaluation Criteria: Class test: 20 Viva: 10 Presentation: 20 Final examination: 50

Class-participation/individual presentations (not more than 20 points weightage): Quizzes (not more than 30 points weightage): Group/ individual assignments/presentations/ decision sheets/term papers/project reports (not more than 30 points weightage): Mid-term examination (not more than 30 points weightage): Trimester-end Examination (not more than 50 points weightage and not less than 35 points weightage): Half credit courses will have only Trimester end Examinations. Session Details: 1-20 (for 90 minutes sessions) / 1-10 ( For 3 hrs sessions) Sr. No. Contents/ Pedagogy / Cases / Chapter wise reading / Essential Reading 1 Overview of Economics 2 Theory of Demand: Demand function Reading : Text Chapter 3 3 Concept and quantification of elasticity : Own price elasticity and income elasticity Reading: Text Chapter 3 4 Cross price elasticity, Classification of commodities with respect to elasticity, Theory of Supply: Supply function... Simultaneous shifts in demand and supply. Reading : Text Chapter 3 and Chapter 4 Case : Moonshiners in South find Sales are down as their costs go up 5 Short run production: Total product, Average product and Marginal product. Text Chapter 6 6 Long run: Production isoquants and producer equilibrium

7 8 9 10 11 12 13 14 15 16 17 18 19 20

Case: Cheap Mexican labor attracts US companies to the border. Text : Appendix 7 Short run cost theory: total, average and marginal cost theory Text : Chapter 7 Long run Cost theory: LAC , LMC and return to scale Reading : Teaching notes and text Chapter 7 Brief overview of market: Perfect competition Text :chapter 8 Imperfect competition: Monopoly and Oligopoly Text : Chapter 9 A brief overview of Macro economics: GDP and GNP Reading : Chapter 2 of Macroeconomics by Mankiew The simple Keynesian model Reading :Chapter 10 of Macroeconomics by Mankiew Fiscal policy under Simple Keynesian model Reading :Chapter 10 of Macroeconomics by Mankiew The IS curve analysis Reading : Chapter 10 of Macroeconomics by Mankiew Money market and the LM curve. The liquidity trap(The Japanese experience) Chapter 10 of Macroeconomics by Mankiew Monetary and Fiscal policy, The crowding out effect. Reading : Chapter 11 of Macroeconomics by Mankiew Inflation: Demand pull and Cost push inflation. Reading : Text Chapter 32 The Phillips curve Reading : Text Chapter 31 and 32 Supply of money: Credit creation by commercial banks Reading : Teaching notes Review lecture

Text Book References: Economics by Samuelson and Nordhaus and Macroeconomics by Mankiew Internet References: Case book references:

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