Class notes for Mcom 1st Year !!

We are providing the links for downloading notes of Managerial Economics and Business Statistics . These notes are shared with us¬†by Shelly Gupta and Sugandh Mittal , so you can thank them for these notes. Meanwhile we are trying to workout more stuff for you guys (like links of business articles , useful videos , sharing with you the talent we have in our campus etc.) . Till then you can let your friends know about our blog and suggest us all the cool stuff you want us to have here ūüėČ

following link is for downloading notes of ¬†Managerial Economic’s chapter- “theory of growth of firm “.

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-Theory of growth of firm

 

following link is for downloading notes of Business Statistic’s chapter ¬†-“probability distribution” and “sampling distribution”

 

pdf

 

-“Probability Distribution” and “Sampling Distribution”

 

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References and a gentle reminder !

Thanks to Shubham Inani , now we have rubinfold’s Economics for those who arent keen of reading Koutsoyiannis and also fred luthan’s Organisational behavior . Such a warm response by you guys reminds me of a quote

Coming together is a beginning ; keeping together is progress and working together is success . РHenry ford 

Let us help each other with whatever we know and we have,  be it  a news article you come across(mesmerizing and informative )  or a book you think worth sharing , even ideas on how can commerce could help in making life easy or pros and cons of various career option we have ahead of us .let us all reap the benefits of each others intellect and expertise , We have people with varied aspiration and interests and many more with full of doubts and confusions . We just want you guys to communicate with each other , for rest we are sure of your potentials and  zeal of learning and help others learn .

following is the link for downloading book :-

pdfkoutsoyiannis – Microeconomics and luthan’s Organizational behavior

Organisational Behavior

We got a request asking for the  Organisational behavior  book . So here we are uploading Robbins, Stephen P. and Timothy A. Judge, Organizational Behaviour , feel free to ask for what you guys need we will see to it .

following is the link to download Organisational behavior book , happy reading :

pdfrobbin’s Organizational behavior

 

A Few More Books

Uploading a few more books for the MCOM students , these are not 1st preferences as readings but are just fine to practice and have  conceptual clarity , while we are working on other books , you guys have fun  studying .

following is the link for downloading Management accounting(colin drury )

pdfMA

and Business statistics (Aczel A. and soundpandian J.)

pdf  BS

Conventional Wisdom

We are often led to believe in certain form of cause and effect relation which we haven’t reasoned out ,we just take certain things for words for the way they are presented over and over again or coming from a wise person . It may be ¬†or may not be true , I am talking about the power of information asymmetry (info/ knowledge confined to certain person) to deceive people in believing things which aren’t true. It is quite difficult to assimilate this thought in totality , for getting a more clear idea go through the¬†¬†following ¬†extract from ¬†the best seller “Freakonomics” by ¬†S D Levitt and Dubner which puts it quite beautifully what conventional ¬†wisdom constitutes of and its potential to put us all in state of illusion.

” ¬†It was John Kenneth Galbraith, the hyperliterate economic sage,¬†¬†who coined the phrase ‚Äúconventional wisdom.‚ÄĚ He did not consider¬†¬†it a compliment. ‚ÄúWe associate truth with convenience,‚ÄĚ he wrote, ¬†‚Äúwith what most closely accords with self-interest and personal¬†¬†well-being or promises best to avoid awkward effort or unwelcome¬†dislocation of life. We also find highly acceptable what contributes¬†most to self-esteem.‚ÄĚ Economic and social behavior, Galbraith continued¬†¬†‚Äúare complex, and to comprehend their character is mentally¬†¬†tiring. Therefore we adhere, as though to a raft, to those ideas which¬†represent our understanding.‚Ä̬†¬†So the conventional wisdom in Galbraith‚Äôs view must be simple,¬†¬†convenient, comfortable, and comforting‚ÄĒthough not necessarily,¬† true. It would be silly to argue that the conventional wisdom is never¬†true. But noticing where the conventional wisdom may be false‚ÄĒnoticing, perhaps, the contrails of sloppy or self-interested thinking‚ÄĒ¬†is a nice place to start asking questions.

Advertising too is a brilliant tool for creating conventional wisdom.¬†Listerine, for instance, was invented in the nineteenth century¬†as a powerful surgical antiseptic. It was later sold, in distilled form, as¬†a floor cleaner and a cure for gonorrhea. But it wasn‚Äôt a runaway success¬†until the 1920s, when it was pitched as a solution for ‚Äúchronic¬†halitosis‚ÄĚ‚ÄĒa then obscure medical term for bad breath. Listerine‚Äôs¬†new ads featured forlorn young women and men, eager for marriage¬†but turned off by their mate‚Äôs rotten breath. ‚ÄúCan I be happy with¬†him in spite of that?‚ÄĚ one maiden asked herself. Until that time, bad¬†breath was not conventionally considered such a catastrophe. But Listerine¬†changed that. As the advertising scholar James B. Twitchell¬†writes, ‚ÄúListerine did not make mouthwash as much as it made halitosis.‚Ä̬†In just seven years, the company‚Äôs revenues rose from $115,000¬†to more than $8 million. “

Books are real delight for souls

Books are real delight they have some kind of power which takes us to¬†a¬†place beyond this world . There was a book Niti mam suggested us on the day of orientation , “The Last Lecture ” this one is a real beauty , wonderfully narrated with clear and crisp idea of life , its purpose and fulfillment .

Download at your own risk , ones you start reading this you wont stop before completing it :

pdfthe last lecture