ManagementParadise.com : Worlds Leading Management Portal. MBA | Classroom, Boardroom and Beyond


Go Back   ManagementParadise.com Forums - Your MBA Online Degree Program and Management Students Forum for MBA,BMS, MMS, BMM, BBA, students & aspirants. > Projects HUB for Management Students ( MBA Projects and dissertations / BMS Projects / BBA Projects > PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT > Managerial Economics

Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND

Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND

Discuss Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND within the Managerial Economics forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; Submitted by Nitin Mohan gupta Advertisements...

Reply

 

LinkBack Thread Tools Display Modes
Advertisements
Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND
Old
 (1 (permalink))
Projectstransfer
Projectstransfer is a glorious beacon of lightProjectstransfer is a glorious beacon of lightProjectstransfer is a glorious beacon of lightProjectstransfer is a glorious beacon of lightProjectstransfer is a glorious beacon of light
 
Status: Offline
Posts: 105
Join Date: Mar 2006
Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND - March 19th, 2006

Submitted by Nitin Mohan gupta
Advertisements
Attached Files
File Type: doc Demand.doc (75.5 KB, 1070 views)
Friends: (0)
Reply With Quote
Related to Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
SUPPLY AND DEMAND ELASTICITY Evol Tn Managerial Economics 10 October 6th, 2011 08:06 PM
demand forecasting Priyanka Wani Managerial Economics 17 October 25th, 2010 10:40 PM
Demand and Supply Analysis of Power Sector in Delhi Kunal Singhal Accounts 7 July 25th, 2010 02:06 PM
demand forecasting adi_agarwal Managerial Economics 4 July 26th, 2008 06:30 PM
Demand a re-CAT !!!!!!!!! Prakash Pohwani Preparation Resources/ General CAT queries and info !! 5 December 15th, 2006 01:21 PM
 

Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND
Old
 (2 (permalink))
bonddonraj
bonddonraj has much to be proud ofbonddonraj has much to be proud ofbonddonraj has much to be proud ofbonddonraj has much to be proud ofbonddonraj has much to be proud ofbonddonraj has much to be proud ofbonddonraj has much to be proud ofbonddonraj has much to be proud ofbonddonraj has much to be proud of
 
bonddonraj
Awards Showcase
Status: Offline
Posts: 2,034
Join Date: Jun 2006
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND - June 15th, 2006

nice buddy g8 work
Friends: (0)
Reply With Quote
The Following 3 Users Say Thank You to For This Useful Post:
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND
Old
 (3 (permalink))
Roshni Bhatia
roshcrazy has a reputation beyond reputeroshcrazy has a reputation beyond reputeroshcrazy has a reputation beyond reputeroshcrazy has a reputation beyond reputeroshcrazy has a reputation beyond reputeroshcrazy has a reputation beyond reputeroshcrazy has a reputation beyond reputeroshcrazy has a reputation beyond reputeroshcrazy has a reputation beyond reputeroshcrazy has a reputation beyond reputeroshcrazy has a reputation beyond repute
 
roshcrazy
Student of PGDM at IES MANAGEMENT COLLEGE AND RESEARCH
Mumbai, Maharashtra
 
Awards Showcase
Status: Offline
Posts: 2,071
Join Date: Oct 2006
Location: Mumbai, Maharashtra
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND - February 27th, 2007

........good notes.......thnx for uploading....!!
Friends: (35)
Reply With Quote
The Following User Says Thank You to For This Useful Post:
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND
Old
 (4 (permalink))
tinns
tinns is an unknown quantity at this point
 
tinns
 
Institute: SIIB
Status: Offline
Posts: 1
Join Date: Jun 2008
Thumbs up Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND - July 1st, 2008

Quote:
Originally Posted by Projectstransfer View Post
Submitted by Nitin Mohan gupta
hi good notes .... thanks for uploading
has been helpful
Friends: (0)
Reply With Quote
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND
Old
 (5 (permalink))
Kartik Raichura
kartik has a reputation beyond reputekartik has a reputation beyond reputekartik has a reputation beyond reputekartik has a reputation beyond reputekartik has a reputation beyond reputekartik has a reputation beyond reputekartik has a reputation beyond reputekartik has a reputation beyond reputekartik has a reputation beyond reputekartik has a reputation beyond reputekartik has a reputation beyond repute
 
kartik
Founder & CEO at Management Paradise
Management Paradise Guru
 
Status: Offline
Posts: 4,344
Join Date: Nov 2004
Age: 29
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND - September 14th, 2008

Defination of supply-demand analysis below
Quote:
A technical evaluation of securities on the basis of factors affecting the supply of and demand for a particular security or securities in general.Supply-demand analysis is supposed to determine if an imbalance exists or will exist between supply and demand for securities. For example, if the supply of a security is expected to exceed demand, thesecurity should be sold or not purchased because its price can be expected to decline. Supply-demand analysis incorporates information on new stock offerings, government borrowing, contributions topension funds, mutual fund cash balances, and a number of other similar factors.


Help Others -> Help Yourself !


Want to work with us and revolutionize management world ? send in a small writeup of what you will do and how with your cv on careers at managementparadise.com

Friends: (92)
Reply With Quote
The Following User Says Thank You to For This Useful Post:
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND
Old
 (6 (permalink))
anands.sachdeva
anands.sachdeva is an unknown quantity at this point
 
anands.sachdeva
 
Institute: NITIE, MUMBAI
Status: Offline
Posts: 22
Join Date: Sep 2008
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND - September 21st, 2008

Need a project on managerial economics.....urgently rqd ..send at [email address] ASAP....SEND PRIOR 25TH SEPT NLY...NOT BYOND THAT
Friends: (0)
Reply With Quote
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND
Old
 (7 (permalink))
music.923
music.923 is an unknown quantity at this point
 
music.923
 
Status: Offline
Posts: 2
Join Date: Oct 2008
Post Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND - October 9th, 2008

hi...
these are NOTES on MANAGERIAL ECONOMICS

Economics for Global Managers (Managerial Economics)
As rightly stated by Prof. Robbins that Economic Problem is concerned with scare resources, which have alternative uses for satisfying human wants, which are unlimited. It is a problem of choice, a choice between ends and also a choice of using scare resources between alternative uses with the objective of maximizing satisfaction.

Thus, Managerial Economics may be viewed as economics applied to problem solving at the level of the firm. The problem is of allocating resources among competing ends. If an organization wants to maximize its profit, it must maximize its output and minimize the total cost involved in manufacturing the output. Managerial Economic Theory comprises of Micro Economics and Macro Economics. Micro-Economics deals with the theory of firms and individuals (for example – price / demand theory, market structure); whereas; Macro Economics deals with the study of the industry and economy (balance of payment, business cycle, economic policy, national income are macro-economic study).

Wikipedia explains the concept as, “Managerial Economics (also called business economics), is a branch of economics that applies microeconomic analysis to specific business decisions. As such, it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression analysis and correlation, Lagrangian calculus (linear). If there is a unifying theme that runs through most of managerial economics it is the attempt to optimize business decisions given the firm's objectives and given constraints imposed by scarcity, for example through the use of operations research and programming”.

It also states that almost any business decision can be analyzed with managerial economics techniques, but it is most commonly applied to:

a) Risk analysis - various uncertainty models, decision rules, and risk quantification techniques are used to assess the risk of a decision.

b) Production analysis - microeconomic techniques are used to analyze production efficiency, optimum factor allocation, costs, economies of scale and to estimate the firm's cost function.

c) Pricing analysis - microeconomic techniques are used to analyze various pricing decisions including transfer pricing, joint product pricing, price discrimination, price elasticity estimations, and choosing the optimum pricing method.

d) Capital budgeting - Investment theory is used to examine a firm's capital purchasing decisions.

The role of Managerial economist involves understanding the objective of the firm (their vision, mission, values, standards, attitude, and norms); analysing the external factors (competition, social, cultural, economic, global, demographic, natural, technological, political and legal environment); market structure (whether it is monopolistic market/ oligopolistic market / monopolistic competition / perfect competition). As mentioned earlier that Managerial Economics involves proper allocation and selecting of scare resources; which requires effective decision-making.

The process of decision-making is explained by W-Bruce Allen in 5 basic steps which are stated below: -

1. Establish Objectives.
2. Define the Problem.
3. Identify possible solutions.
4. Select the best possible solution.
5. Implement the decision.

Thomas Sowell once quoted, “The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”
Friends: (0)
Reply With Quote
The Following 2 Users Say Thank You to For This Useful Post:
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND
Old
 (8 (permalink))
music.923
music.923 is an unknown quantity at this point
 
music.923
 
Status: Offline
Posts: 2
Join Date: Oct 2008
Post Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND - October 9th, 2008

CONSUMER BEHAVIOUR
Information Search and Decision Making
Problem Recognition. One model of consumer decision making involves several steps. The first one is problem recognition—you realize that something is not as it should be. Perhaps, for example, your car is getting more difficult to start and is not accelerating well.. The second step is information search—what are some alternative ways of solving the problem? You might buy a new car, buy a used car, take your car in for repair, ride the bus, ride a taxi, or ride a skateboard to work. The third step involves evaluation of alternatives. A skateboard is inexpensive, but may be ill-suited for long distances and for rainy days. Finally, we have the purchase stage, and sometimes a post-purchase stage (e.g., you return a product to the store because you did not find it satisfactory). In reality, people may go back and forth between the stages. For example, a person may resume alternative identification during while evaluating already known alternatives.
Consumer involvement will tend to vary dramatically depending on the type of product. In general, consumer involvement will be higher for products that are very expensive (e.g., a home, a car) or are highly significant in the consumer’s life in some other way (e.g., a word processing program or acne medication).
It is important to consider the consumer’s motivation for buying products. To achieve this goal, we can use the Means-End chain, wherein we consider a logical progression of consequences of product use that eventually lead to desired end benefit. Thus, for example, a consumer may see that a car has a large engine, leading to fast acceleration, leading to a feeling of performance, leading to a feeling of power, which ultimately improves the consumer’s self-esteem. A handgun may aim bullets with precision, which enables the user to kill an intruder, which means that the intruder will not be able to harm the consumer’s family, which achieves the desired end-state of security. In advertising, it is important to portray the desired end-states. Focusing on the large motor will do less good than portraying a successful person driving the car.
Information search and decision making. Consumers engage in both internal and external information search.
Internal search involves the consumer identifying alternatives from his or her memory. For certain low involvement products, it is very important that marketing programs achieve “top of mind” awareness. For example, few people will search the Yellow Pages for fast food restaurants; thus, the consumer must be able to retrieve one’s restaurant from memory before it will be considered. For high involvement products, consumers are more likely to use an external search. Before buying a car, for example, the consumer may ask friends’ opinions, read reviews in Consumer Reports, consult several web sites, and visit several dealerships. Thus, firms that make products that are selected predominantly through external search must invest in having information available to the consumer in need—e.g., through brochures, web sites, or news coverage.
A compensatory decision involves the consumer “trading off” good and bad attributes of a product. For example, a car may have a low price and good gas mileage but slow acceleration. If the price is sufficiently inexpensive and gas efficient, the consumer may then select it over a car with better acceleration that costs more and uses more gas. Occasionally, a decision will involve a non-compensatory strategy. For example, a parent may reject all soft drinks that contain artificial sweeteners. Here, other good features such as taste and low calories cannot overcome this one “non-negotiable” attribute.


The amount of effort a consumer puts into searching depends on a number of factors such as the market (how many competitors are there, and how great are differences between brands expected to be?), product characteristics (how important is this product? How complex is the product? How obvious are indications of quality?), consumer characteristics (how interested is a consumer, generally, in analyzing product characteristics and making the best possible deal?), and situational characteristics (as previously discussed).
Two interesting issues in decisions are:
• Variety seeking (where consumers seek to try new brands not because these brands are expected to be “better” in any way, but rather because the consumer wants a “change of pace,” and
• “Impulse” purchases—unplanned buys. This represents a somewhat “fuzzy” group. For example, a shopper may plan to buy vegetables but only decide in the store to actually buy broccoli and corn. Alternatively, a person may buy an item which is currently on sale, or one that he or she remembers that is needed only once inside the store.
A number of factors involve consumer choices. In some cases, consumers will be more motivated. For example, one may be more careful choosing a gift for an in-law than when buying the same thing for one self. Some consumers are also more motivated to comparison shop for the best prices, while others are more convenience oriented. Personality impacts decisions. Some like variety more than others, and some are more receptive to stimulation and excitement in trying new stores. Perception influences decisions. Some people, for example, can taste the difference between generic and name brand foods while many cannot. Selective perception occurs when a person is paying attention only to information of interest. For example, when looking for a new car, the consumer may pay more attention to car ads than when this is not in the horizon. Some consumers are put off by perceived risk. Thus, many marketers offer a money back guarantee. Consumers will tend to change their behavior through learning—e..g., they will avoid restaurants they have found to be crowded and will settle on brands that best meet their tastes. Consumers differ in the values they hold (e.g., some people are more committed to recycling than others who will not want to go through the hassle). We will consider the issue of lifestyle under segmentation.
Friends: (0)
Reply With Quote
The Following User Says Thank You to For This Useful Post:
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND
Old
 (9 (permalink))
mani2458
mani2458 is an unknown quantity at this point
 
mani2458
 
Institute: uiams
Status: Offline
Posts: 12
Join Date: Oct 2008
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND - October 30th, 2008

thank you... nice work buddy.... t................................................. .................................................. .................................................. .........
Friends: (0)
Reply With Quote
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND
Old
Ashok Vishwakarma
vishwashok is an unknown quantity at this point
 
vishwashok
Student of MBA at N L DALMIA INSTITUTE OF MANAGEMENT
Mumbai, Maharashtra
 
Status: Offline
Posts: 8
Join Date: Aug 2008
Location: Mumbai, Maharashtra
Re: Notes for DEMAND ANALYSIS & ELASTICITY OF DEMAND - November 11th, 2008

thnakx yaar i really needed this
.................................................. .....
Friends: (0)
Reply With Quote
Reply

Bookmarks

Tags
analysis, andamp, demand, elasticity, notes

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


» Login
Forgot Password?  New User?
  

» Ads





» Recent Threads

Financial Management... ( 1 2 3)
Last post by Nilotpal Chakma
1 Hour Ago 01:46 PM
26 Replies
Just how much would you...
Last post by Bhushan Singh
4 Hours Ago 09:57 AM
1 Replies
All time your favorite...
Last post by Bhushan Singh
4 Hours Ago 09:55 AM
1 Replies
What is an MBA?
Last post by Bhushan Singh
5 Hours Ago 09:30 AM
7 Replies
Bad News for Phillip...
Last post by Bhautik Kawa
6 Hours Ago 08:45 AM
0 Replies
Hard Times -...
Last post by Bhautik Kawa
6 Hours Ago 08:42 AM
0 Replies
Environmental Management... ( 1 2 3)
Last post by Ali Syed
8 Hours Ago 06:26 AM
21 Replies
Discussion about...
Last post by Murgha Joshi
12 Hours Ago 02:14 AM
0 Replies
Today's Top Discussions...
Last post by Murgha Joshi
12 Hours Ago 02:08 AM
0 Replies
5 Discussion about...
Last post by Murgha Joshi
12 Hours Ago 01:59 AM
0 Replies
Are you crazy for...
Last post by Murgha Joshi
13 Hours Ago 01:39 AM
0 Replies
8 Discussion about...
Last post by Murgha Joshi
13 Hours Ago 01:28 AM
0 Replies
Hot Discussion going on...
Last post by Murgha Joshi
13 Hours Ago 01:20 AM
0 Replies
Why Everyone is Talking...
Last post by Murgha Joshi
13 Hours Ago 01:02 AM
0 Replies
Epic Research Update :...
Last post by Epic Research
13 Hours Ago 12:52 AM
0 Replies

» Projects Helpline

No Threads to Display.

» THE BIG FIGHT

ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.


Management Paradise
About Us
Press
Jobs
Contact Us
Kartik Raichura
Legal
Terms & Conditions
Privacy Policy
Disclaimer
Copyrights
Help
Zeitgeist
Support
FAQs
Tour
Feedback
Partners
Follow
Copyright © 2004 - 2013 Management Paradise. Site Developed by Available.co.in