Micro Economics -(QUESTIONS AND ANSWERS GUIDE) (According to the National Education Policy-2020 U.G.C- C.B.C.S Syllabus as Prescribed.)

Description

Micro Economics – , By – Dr. M.L. Seth, ISBN Code – 978-81-89770-86-0

CONTENTS :

Chapters

PART I

Scope and Methodology of Economics

1. Nature and Scope of Economics
2. Approaches to Economic Analysis
3. Methodology of Economics
4. Fundamental Problems of an Economy

PART II

The Theory of Consumer’s Behaviour

5. Theory of Consumer’s Behaviour—Utility Analysis of Demand
6. Theory of Consumer’s Behaviour—Indifference Curve Analysis and Revealed Preference Theorem
7. Elasticity of Demand and Supply
8. Consumer’s Surplus

PART III

Theory of Production

9. Factors of Production
10. Theories of Population
11. Scale of Production
12. Types of Business Organization
13. Laws of Returns and Returns to Scale
14. Production Function

PART IV

Theory of Product Pricing

15. Revenue Curves of the Firm
16. Cost Curves of the Firm
17. Market Situations
18. Pricing under Perfect Competition
19. Pricing under Monopoly
20. Pricing under Imperfect Competition
21. Pricing under Oligopoly

PART V

Theory of Factor Pricing

22. General Theory of Distribution
23. Wages
24. Rent
25. Interest
26. Profit

PART VI

Economics of Welfare

27. Welfare Economics

Objective Type Questions and Answers

Short Questions