Guest Lecture on” Economics for Managers”
Mandsaur University has organized a Guest Lecture on” Economics for Managers” from 26th September to 01st October 2016 by Mr. Hemant Sharma (VNURT Technology Solutions Pvt. LTD). Mr. Sharma is an Entrepreneur and IT Infrastructure management leader with 14+ years of experience.
Summary of Training:
MBA, BBA and B.Com students have learnt managerial economics fundamentals as part of their course curriculum.
The following topics were covered:
- About Economics, its branches
- Demand and Supply
- Factors affecting Demand and Supply
- Surplus and shortage
- Elasticity of Demand and Supply
- Production functions
- Marginal Productivity and Law of Diminishing Returns
- Cost Functions
- Real life case studies of Amazon and Ford
- Type of Markets
- More about Market Equilibrium
- Outdoor Activity
At the end of the course:
Students were assigned with couple of minor projects.