Introductory Economic Theory -(TEXT BOOK)- By M.L. Seth

Description

Introductory Economic Theory – , By – M.L.Seth, ISBN Code – 978-93-87601-60-4

(According to the New Syllabus of NEHU, Shillong) B.A PART I, PAPER I,

Introductory Economic Theory is a text-book which has been especially planned to cater to the requirements of graduate and other students in Economic theory at the University level. The book not only fully covers the prescribed courses of study but also presents the essentials of economic theory in a compact, coherent lucid and easily intelligible manner. The course of study prescribed by the University have also been borne in mind while writing the present volume. Simplicity of language and language and lucidity of treatment are the two considerations which the author has constantly kept in mind while explaining and elaborating the various laws and principles have been explained as far as possible with examples and illustrations from Indian conditions so as to present them in an easily digestible form. The treatment of economic theories has been kept, as far as possible, non-technical and non-mathematical without, in any way, sacrificing their substance.

CONTENTS :

Chapters

UNIT I

CONSUMER BEHAVIOUR

1. Demand
2. Indifference Curve Analysis of Demand
3. Uses and Applications of Indifference Curve Analysis
4. Elasticity of Demand and Supply

UNIT II

PRODUCTION AND COST

5. Factors of Production
6. Substitutability of Factors and Laws of Returns
7. Production Function
8. Isoquants and the Laws of Returns
9. Cost Analysis of the Firm

UNIT III

MARKET STRUCTURE AND FACTOR PRICING

10. Market Structure
11. Revenue Curves of the Firm
12. Pricing Under Perfect Competition
13. Pricing Under Monopoly
14. Theory of Distribution
15. Wages
16. Rent
17. Interest
18. Profits

UNIT IV

NATIONAL INCOME

19. National Income
20. Green Accounting

UNIT V

OUT AND EMPLOYMENT

21. Theory of Employment
22. Keynesian Theory of Ernployment–An Epitome
23. The Consumption Function
24. The Investment Function