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academic council 24 06 2016 item no 4 17 university of mumbai syllabus for first year b com semester i and semester ii programme business economics paper i ii witheffect ...
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...Academic council item no university of mumbai syllabus for first year b com semester i and ii programme business economics paper witheffect from the preamble this provides an overall introduction to as dealing with problems allocation scarce resources in optimum manner it aims build a familiarity basic tools consumer producer theory operation markets optimisation economic context order explain issues solutions practical concepts are be discussed case studies numerical wherever applicable unit lectures scope importance opportunity cost principle incremental marginal relations functional equations total average use analysis decision making basics market demand supply equilibrium price shifts curves function nature curve under different meaning significance types measurement elasticity income cross promotional relationship between revenue estimation forecasting methods survey statistical examples on trend simple linear regression iii production decisions short run law variable proportions...