It is very important for anybody to know how markets work and how to make a decisions as a Manager operating in a market environment.This course enables students to understand-

• How markets work under demand & supply equilibrium
• What is demand & supply elasticity
• Production of goods and services
• Different taxes and subsidies
• Measures of productivity
• How and when to take decions related to Hiring, Outsourcing and spending on Infrastructure and Investments
• Understand the concept of Opportunity cost and other costs
• Pricing and Selling decisions
• Understand problems with markets and what can be done about.

In short the course lays an adequate theoretical foundation to study various applied fields in economics and management.Also it develops a student’s ability to think analytically about the economic forces at work in society

Basic course structure is given,below.As different unversities have different contents under the same course this course  can be changed as per the students' requirement