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IGNOU MMPC-10 Code Details
IGNOU MMPC-10 English Topics Covered
Block 1 - Introduction to Managerial Economics
- Unit 1 - Scope of Managerial Economics
- Unit 2 - The Firm: Stakeholders, Objectives and Decisions Issues
- Unit 3 - Basic Concepts and Techniques
Block 2 - Demand and Revenue Analysis
- Unit 1 - Demand Concepts and Analysis
- Unit 2 - Demand Elasticity
- Unit 3 - Demand Estimation and Forecasting
Block 3 - Production and Cost Analysis
- Unit 1 - Production Function
- Unit 2 - Short-Run Cost Analysis
- Unit 3 - Long-Run Cost Analysis
Block 4 - Pricing Decisions
- Unit 1 - Market Structure and Barriers to Entry
- Unit 2 - Pricing Under Perfect Competition and Pure Monopoly
- Unit 3 - Pricing Under Monopolistic and Oligopolistic Competition
- Unit 4 - Pricing Strategies
IGNOU MMPC-10 (January 2024 - July 2024) Assignment Questions
1. “According to the Equi-Marginal principle, different courses of action should be pursued up to the point where all the courses provide equal marginal benefit per unit of cost.” Discuss Equi-Marginal principle with the help of an example.
2. “The income elasticity of demand measures the responsiveness of sales to changes in income, ceteris paribus.” Elaborate upon the concept of income elasticity of demand with the help of an example.
3. Explain the relationship between Average Product & Marginal Product, and Average Variable Cost & Marginal Cost with the help of diagrams.
4. Discuss the profit maximizing output decision by perfectly competitive firms in the long run when all inputs and costs are variable.
5. Write short notes on the following:
- Decision Tree
- Tastes and Preferences as determinants of demand
- Economic and Technical Efficiency
- Monopoly
IGNOU MMPC-10 (January 2023 - July 2023) Assignment Questions
1. What is Opportunity Cost? Explain with the help of an example why assumption of constant opportunity costs is very unrealistic.
2. Explain law of demand with the help of a demand schedule and demand curve. Does law of demand exist in the real world, explain with the help of an example.
3. How are Isoquants different from Isocost? Illustrate using graphs.
4. Monopoly has been stated as undesirable? Take any real life example of Monopoly in India and state its advantages and disadvantages.
5. Write short notes on the following:-
(a) Value Maximization
(b)Direct Costs and Indirect Costs
(c) Bundling
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