Business Economics 1st Semester RMLAU BBA NEP 2025-26 Notes

Unit 1 [Book]
Introduction to Business Economics, Nature and Scope of Business Economics	VIEW
Business Economics its Relationship with Other Subjects	VIEW
Fundamental Economic Tools:
Opportunity cost concept	VIEW
Incremental concept	VIEW
Principle of Time perspective	VIEW
Discounting principle	VIEW
Equi-marginal Principle	VIEW
Macro-Economic Indicators:	VIEW
GDP Calculation	VIEW
Poverty Line	VIEW
Per-capita Income	VIEW
Elementary idea of Inflation	VIEW

Unit 2 [Book]
Demand Analysis: Concept of Demand and Types of Demand	VIEW
Law of Demand	VIEW
Demand Function	VIEW
Substitution effects	VIEW
Elasticity of Demand, Meaning, Types, Measurement and Significance in Managerial Decisions	VIEW
Concept of Demand Forecasting, Methods of Demand Forecasting	VIEW

Unit 3 [Book]
Production and Cost Analysis, Meaning	VIEW
Production Function	VIEW
Law of Variable Proportion	VIEW
Laws of Return to Scale	VIEW
Various Cost Concepts and Classification	VIEW
Cost output Relationship in Short run and Long run	VIEW
Short run and Long run Cost curves	VIEW
Economics and Diseconomies of Scale	VIEW
Revenue concepts	VIEW
Schemes for supporting MSME’s	VIEW
Schemes for Start-Up’s in India	VIEW

Unit 4 [Book]
Pricing	VIEW
Nature of Market	VIEW
Types of Markets and their Characteristics	VIEW
Pricing under different Market Structures:
Perfect competition	VIEW
Monopoly	VIEW
Oligopoly competition	VIEW
Monopolistic competition	VIEW
Price discrimination under Monopoly Competition	VIEW
Profit Management	VIEW
Inflation	VIEW
Profit Management and Inflation	VIEW
Profit, Functions of Profit	VIEW
Profit Maximization	VIEW
Break even analysis	VIEW
Elementary idea of National income	VIEW