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  • Modern Micro Economics (Theory and Applications) Modern Micro Economics (Theory and Applications)

Modern Micro Economics (Theory and Applications)

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Author: H L Ahuja

ISBN: 9788121903745

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CONTENTS

Part I Scope and Methodology of Economics

The economic Problem: Scarcity and Choice | Production possibility curve, choice and opportunity cost | The Scepe of Economics | The use of Mathematical Concepts, Graphs and other techniques | Methodology of Economics | Economic Statics and Dynamics | Market Economic and The Role of Price Mechanism

Part II The Theory of Demand

Demand and Law of Demand | Demand: Marshall’s Cardinal Utility Analysis | Indifference Curve Analysis of Demand | Marshall’s Cardinal Utility Analysis vs | Indifference Curve Analysis | Applications and Uses of Indifference Curves | Revealed Preference Theory of Demand | Elasticity of Demand | Consumer’s Surplus

Part III The Theory Of Production And Cost

Factors of Production | The Theory of Production : Returns to a Factor | Production Function with Two Variable Factors | Optimum Factor Combination | Cost of Production and Cost Curves | Supply and its Elasticity

Part IV The Theory of Firm and Pricing in Various Market Structures

Main Market Forms and Concepts of Revenue | Equilibrium of the Firm – A General Analysis | Equilibrium of the Firm and Industry under Perfect Competition | Price Determination under Perfect Competition | Stability of equilibrium and cobweb model Applications of Demand and Supply Analysis | Price and Output under Monopoly | Price Discrimination | Price and Output under Monopolistic Competition | Price and Output under Oligopoly | Sales Maximisation Model of Oligopoly | Theory of Games and Competitive Strategy

Part V The Theory of Distribution

The Theory of Distribution : A General View | Wage Determination in competitive and imperfectly competitive market | The Theory of Rent | Alternative Theories of Interest | The Theory of Profits Part VI General Equilibrium Analysis and Welfare Economics | General Equilibrium Analysis | Welfare Economics: An Introduction | Economic Efficiency and Pareto Optimality | Market Failures, Externalities and Public Goods | New Welfare Economics : Compensation Principle | Social Welfare Function

Part VII Asymmetric Information, Intertemporal Analysis and Choice Under Uncertainly

Markets with Asymmetric Information | Intertemporal Choice and Borrowing-Borrowing-Lending Equilbrium | Investment Decision Analysis | Choice under Risk and Uncertainty

Additional Information

ISBN 9788121903745
Author H L Ahuja
Binding Paperback
Shipping Days Ships in 7-8 Days
Language English
Edition 16th Edition
Publisher S. Chand Publishing
Image Gallery N/A

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