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Micro Economics (Question-Answer Series) One Week Series(B.A Part-III)  (2021)  (English Medium)

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Author: Parth
Book Code: OBM/19/11/82210
Publisher: Parth Publishers
University: Maharaja Ganga Singh University (MGSU)
MIcro Economics

Product Details

 MIcro Economics 

 

This One Week Series is Written in English Language in Question Answer Series According to syllabus of Maharaja Gangasingh University. 

UNIT-I Introduction Definition, Nature and scope of economics, Basic economic problems, Function of an economic system, Economic theory method and methodology, Micro-Macro, Static and dynamic analysis, Technique of economic analysis, Concept of equilibrium.

UNIT-II Consumer’s Behaviour Law of demand and supply, Elasticity of demand-price, income and cross elasticity, Utility- Cardinal and ordinal approachesIndifference curve, consumer’s equilibrium (Hicks), Giffin goods, Consumer’s surplus.

UNIT-III Theory of Production and Costs Syllabus Poduction function, Ratio and scale, law of variable proportions, Iso-quant, Expansion path, Ridge lines, Returns to scale, Economies of scale, Concepts of cost and revenue and their interrelation.

UNIT- IV Market Structure (Commodity Pricing) Market forms - Perfect and imperfect markets, Equilibrium of a firm and industry under Perfect competition, monopoly and price discrimination, Control of Monopoly Power, monopolistic competition.

UNIT - V Factor Pricing Marginal productivity theory of distribution, Theories of wage determination, Rent-Scarcity rent, Differential rent, Quasi rent, Classical and Keynesian theories of interest, Profit - Innovation, risk and uncertainty theories.

 

 

 

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