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MODERN MICROECONOMICS: THEORY AND APPLICATIONS, 19/e

MODERN MICROECONOMICS: THEORY AND APPLICATIONS, 19/e

H L Ahuja

ISBN : 9789385676130
Pages : 976
Binding : Paperback
Language : English
Imprint : S. Chand Publishing
Trim size : 6.75" x 9.5" inches
Weight : 1.00kg
© year : 2015
List Price : Book Details 575.00
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PART-I: SCOPE AND METHODOLOGY OF ECONOMICS
• The Economic Problem: Scarcity and Choice • Production Possibility Curve, Choice and Opportunity Cost • The Scope of Economics • The Science of Economics and its Methodology • Basic Competitive Model and the Role of Price Mechanism • Alternative Economic Systems and Market-Friendly New Economic Reforms

PART-II: THE THEORY OF DEMAND
• Demand, Supply and Market Equilibrium • Applications of Demand and Supply Analysis • Consumer Surplus Producer Surplus and Competitive Market and Taxation • Consumer's Behaviour: Cardinal Utility Analysis • Indifference Curve Analysis of Consumer's Demand • Cardinal Utility Analysis vs. Indifference Curve Analysis • Some Important Applications of Indifference Curves • Labour Supply and Saving Decisions • Revealed Preference Theory of Demand • Elasticity of Demand • Consumer 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 • Elasticity of Supply

PART-IV: THE THEORY OF FIRM AND PRICING IN VARIOUS MARKET STRUCTURES
• Main Market Forms and Concepts of Revenue • Objectives of the Firm and its Equilibrium - A General Analysis • Equilibrium of the Firm and Industry under Perfect Competition • Price Determination under Perfect Competition • Stability of Equilibrium and Cobweb Model • Price and Output under Monopoly • Government Policies towards Monopoly and Competition • 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 Markets • The Theory of Rent • Alternative Theories of Interest • The Theory of Profits

PART-VI: GENERAL EQUILIBRIUM ANALYSIS WELFARE ECONOMICS AND MARKETS WITH ASYMMETRIC INFORMATION
• 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 • Markets with Asymmetric Information

 
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