MB0042- MANAGERIAL ECONOMICS
ASSIGNMENT
DRIVE: SUMMER 2014
PROGRAM: MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER: 1
SUBJECT CODE & NAME: MB0042- MANAGERIAL ECONOMICS
BK ID: B1625
CREDIT & MARKS: 4 Credits, 60 marks
Q.No Questions Marks Total Marks
1.Define the term Business Cycle and also explain the phases of business or trade cycle in brief.
Definition of Business cycle
Explanation of Phases of business cycle
2.Monopoly is the situation there exists a single control over the market producing a commodity having no substitutes with no possibilities for anyone to enter the industry to compete. In that situation, they will not charge a uniform price for all the customers in the market and also the pricing policy followed in that situation.
Define Monopoly
Features of Monopoly
Kinds of Price Discrimination
3.Fiscal policy is a package of economic measures of the government regarding public expenditure, public revenue, public debt or borrowings. It is very important since it refers to the budgetary policy of the government. Explain the fiscal policy and its instruments in detail.
Definition of Fiscal policy
Explanation of Instruments of Fiscal Policy
4.Explain the various methods of forecasting demand.
Define forecasting
Explanation of forecasting methods
5.Define monopolistic competition and explain its characteristics.
Definition of monopolistic competition
Explanation of its characteristics
6.When should a firm in perfectly competitive market shut down its operation
Define perfect competition
Explanation about the reason for the firm’s shut down in perfect competition
Note — Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.