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Economics for Business syllabus

ECO 5514 units · 38 topicsAcademic year 2083/84
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Economics for Business

4 units

1. Market mechanism, efficiency, and welfare (8 LHs)

  1. Fundamental economic principles
    1. Fundamental economic principles: how people make decisions, how people interact, and how the economy as a whole works
  2. Applications of economic principles in managerial decisions
    1. applications of economic principles in managerial decisions
  3. Markets and efficiency
    1. Markets and efficiency: Demand and supply functions, Market equilibrium and welfare, effects of government policies (tax, subsidy, and price control measures) on market equilibrium, efficiency, and welfare
  4. And Market failure
    1. and Market failure: Concepts and causes Learning Outcomes
  5. Examine the relationship between fundamental economic principles and managerial decisions
    1. Examine the relationship between fundamental economic principles and managerial decisions
  6. Explain demand and supply functions and the market equilibrium
    1. Explain demand and supply functions and the market equilibrium
  7. Measure market efficiency and welfare
    1. Measure market efficiency and welfare
  8. Analyze the effects of government policies on the market equilibrium
    1. Analyze the effects of government policies on the market equilibrium.
  9. Explain the sources of market failure
    1. Explain the sources of market failure

2. Theory of the firm and pricing (8 LHs)

  1. Concept of production and cost functions
    1. Concept of production and cost functions
  2. Goals of the firm and applications
    1. Goals of the firm and applications: profit maximization, sales revenue maximization, Williamson’s model of managerial discretion
  3. Games and strategy
    1. Games and strategy: strategy, Nash equilibrium, prisoner’s dilemma, and applications of games in strategy formulation
  4. Pricing practices
    1. Pricing practices: price discrimination, cost-plus pricing, incremental cost pricing, freemium pricing, usage-based pricing, dynamic pricing, subscription pricing, bundling. Learning Outcomes
  5. Analyze the goals of firms with their practical applications
    1. Analyze the goals of firms with their practical applications.
  6. Explain pricing practices
    1. Explain pricing practices.
  7. Apply game theory in strategy formulation
    1. Apply game theory in strategy formulation.

3. Estimation and forecasting in managerial decisions (4 LHs)

  1. Demand forecasting
    1. Demand forecasting: concepts and significance, Survey method of forecasting: consumer survey and market survey
  2. Quantitative forecasts
    1. Quantitative forecasts: time series analysis, Demand estimation: regression analysis, elasticity of demand. Learning Outcome
  3. Forecast the demand by using the qualitative and quantitative methods
    1. Forecast the demand by using the qualitative and quantitative methods

4. Seminar on Contemporary Issues of Digital Economics and Digitalization (12 LHs)

  1. Asymmetric information
    1. Asymmetric information: concepts, determinants, and applications
  2. Asymmetric information and digitalization
    1. Asymmetric information and digitalization
  3. Economics of digital components
    1. Economics of digital components( platforms, networks, lock-in and switching costs, artificial intelligence)
  4. Institutional economics in the digital era
    1. Institutional economics in the digital era
  5. Effects of digitalization on consumer choice and labor markets
    1. Effects of digitalization on consumer choice and labor markets
  6. Intellectual property and digitalization
    1. Intellectual property and digitalization
  7. E-governance
    1. E-governance: concepts, process and structure
  8. E- governance practices in Nepal
    1. E- governance practices in Nepal
  9. Implications of digital economy and financial innovation on monetary policy and financial…
    1. Implications of digital economy and financial innovation on monetary policy and financial markets
  10. Transformation of economic growth theories in the context of the digital economy
    1. Transformation of economic growth theories in the context of the digital economy
  11. Opportunities and challenges for digital transformation in public sector
    1. Opportunities and challenges for digital transformation in public sector, trade, tourism, agriculture and SMEs.
    2. Learning Outcome:
  12. 1
    1. 1. Analyze the contemporary issues of digital economics and digitalization and their practical implications.
  13. -4: Seminar on Contemporary Issues of Digital Economics and Digitalization
    1. (Students have to write a seminar paper on contemporary issues in digital economics and digitalization)
  14. Pedagogical Strategies
    1. Pedagogical Strategies
  15. Interactive lectures with demonstration
    1. Interactive lectures with demonstration
  16. Problem-based learning
    1. Problem-based learning
  17. Guest lectures from industry experts and practitioners
    1. Guest lectures from industry experts and practitioners
  18. Continuous assessment and feedback
    1. Continuous assessment and feedback
  19. Case analysis with group presentation
    1. Case analysis with group presentation
    2. Article review