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Monopoly

Unit 7: Product Pricing Theories and PracticesTopic 3 of 6
Browse the Microeconomics for Business syllabus

Microeconomics for Business

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What the syllabus expects

  • Short-run and long-run price-output equilibrium
  • Economic effects

Monopoly

Bachelor of Business Studies (BBS) — First Year

Subject: Microeconomics for Business (MGT 207)

Unit 7: Product Pricing Theories and Practices

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of monopoly.
  • Explain the economic reasoning and use appropriate diagrams or relationships in business analysis.

Curriculum Scope

  • Short-run and long-run price-output equilibrium
  • Economic effects

Detailed Microsyllabus

  1. Monopoly equilibrium

    1. Sources of monopoly power and market demand.
    2. Marginal revenue and profit-maximizing output.
    3. Short-run and long-run price–output decisions.

  2. Economic effects

    1. Comparison with a competitive benchmark under consistent assumptions.
    2. Effects on consumer surplus and total surplus.
    3. Limits to monopoly pricing and the role of demand.

Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 17-19.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here. The programme subject list identifies this course as MGT 207; the detailed subject heading in the source prints MGT 203.