Business Economics

Business economics easy notes for financial accounting students & professionals.

Business economics easy notes,reference guide,study material,education resources,articles,information for financial accounting students & professionals.

It almost covered all important topics for business economics which are given below

Unit – 1. Introduction to Economics

Nature, scope and limitations of Economics

Definition – Adam Smith, Marshall and Lionel Robins

Characteristics and classification of human wants

Law of Diminishing marginal utility

Unit – 2. Demand Analysis

Law of Demand & its types

Determination of Demand

Demand schedule, Changes in Demand & Elasticity of Demand

Types of Elasticity

Cardinal and Ordinal utility

Indifference curve analysis & Criticism of Indifference Curve

Unit – 3. Factors of production

Factors of production

Theory of Production

Economies of scale

Cost curves

Short run cost curves and long run cost curves

Break even analysis

Unit – 4. Pricing under perfect competition

Pricing under perfect competition

Monopoly

Price discrimination

Pricing in public utilities

Unit – 5. Government and business

Public enterprises

National income