Foundation Course in Managerial Economics

By Prof. Barnali Nag   |   IIT Kharagpur
Learners enrolled: 4090
This course is developed to teach modern microeconomic theory to understand the behavior of household, firms and their interaction under different market structure. The purpose of this course is to provide students with a basic understanding of economic theory that can be used in managerial decision making problems within various organizational settings such as a firm or a government agency. Objective is to develop a good understanding of economic concepts and tools that have direct managerial applications.

INTENDED AUDIENCE : Any Interested Learners
PREREQUISITES Basic Algebra and Calculus
INDUSTRY SUPPORT Public Policy organizations, Banks, Managerial levels in all Industries.
Course Status : Completed
Course Type : Elective
Duration : 8 weeks
Category :
  • Management Studies
Credit Points : 2
Level : Undergraduate/Postgraduate
Start Date : 24 Jan 2022
End Date : 18 Mar 2022
Enrollment Ends : 07 Feb 2022
Exam Date : 27 Mar 2022 IST

Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1: Introduction, Demand and Supply.
Week 2: Elasticity of demand and supply.
Week 3: Government intervention and efficiency.
Week 4: Producer theory and cost curves.
Week 5: Market structures and perfect competition.
Week 6: Monopoly and histology images.
Week 7: Monopolistic competition
Week 8: Oligopoly

Books and references


Instructor bio

Prof. Barnali Nag

IIT Kharagpur
Barnali Nag teaches economics and business environment in Vinod Gupta School of Management, IIT Kharagpur. She is a PhD from IGIDR (Indira Gandhi Institute of Development Research), Mumbai and did her post-doctoral research from Wharton Business School, University of Pennsylvania. She has worked as Business Research Fellow at the Indian School of Business, Hyderabad and RIS, New Delhi, Ministry of External Affairs, GoI, an advanced Institute for actionable research. Before joining VGSoM, IIT Kharagpur, she was a faculty in Indian Institute of Management Kashipur. Dr. Nag has published in various refereed international journals of repute. Her research interests pertain to Economics of Climate Change, Policy and planning in the infrastructure sector and Energy security issues of India, Competition Policy and Competitiveness.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 27 March 2022 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.


Average assignment score = 25% of average of best 6 assignments out of the total 8 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Kharagpur .It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team

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