Micro Economics -(TEXT BOOK)- By M.L. Seth-FOR GRADUATE, HONOURS AND POST GRADUATE CLASSES OF INDIAN UNIVERSITIES AND THE I.A.S. I.E.S, I.S.S, C.A & C.A.I.I.B, EXAMINATION AND ALSO COVERING U.G.C-C.B.C.S. SYLLABUS AS PRESCRIBED

Description

Micro Economics – , By – Dr. M.L. Seth, ISBN Code – 978-93-87601-90-1

VALUE DISTRIBUTION AND ECONOMIC GROWTH

(For Graduate Honors and Post-Graduate Classes of Indian Universities and the I.A.S., I.E.S., C.A & C.A.I.I.B. Examination and also covering U.G.S. Syllabus as prescribed.) The book is being widely patronized by the senior students and the teaching fraternity in almost all the universities of India and some neighboring countries. The book will also cater, it I.A.S., I.S.S, I.E.S., C.A.I.I.B., etc., in the subject of Economics.

The present edition has undergone several revisions and alterations. Special emphasis has been put on deleting some superfluous material and adding instead new topics and improving the others. Some of the added topics include Engel Curve, Compensated Demand Curve, Elasticity Measures, Division of Labor, Mobility of Labor, Capital Formation, Internal and External Economies of Scale, Cost Function, Degree of Monopoly Power-Its Measures, Collective Bargaining and Wage Determination. Three new chapters have been added: Forms of Market Structure, Profit Maximization and Pricing Methods, Appraising Project Profitability.

With all these changes, additions and improvements the present edition, in its new form and format, it is hoped, will prove far more useful to the readers than earlier ones. In view of the changed pattern of Question -Papers set for the examinations, Short Answer Questions and Objective Type Questions have been added to main question at the end of each chapter.

CONTENTS :

Chapters

PART ONE

MEANING, NATURE, SCOPE AND METHODOLOGY –

1. Economics and Economy : Definitions and Problems
2. Nature and Scope of Economics
3. Different Approaches to Economic Analysis : Including Micro and Macro Economic Analysis
4. Methodology of Economics (I)
5. Methodology of Economics (II)

PART TWO

THEORY OF CONSUMER’S BEHAVIOUR

6. Theory of Consumer’s Behavior-Utility Analysis of Demand
7. Indifference Curve Analysis of Demand
8. Uses and Applications of Indifference Curve Analysis
9. Revealed Preference Theory
10. Elasticity of Demand and Supply
11. The Concept of Consumer’s Surplus

PART THREE

THEORY OF PRODUCTION AND COST

12. Factors of Production
13. Substitutability of Factors and Laws of Returns
14. Production Function – Isoquants Approach
15. Isoquants and the Laws of Returns ‘
16. Cost Analysis of the Firm
17. Forms of Market Structure

PART FOUR

THEORY OF PRODUCT PRICING

18. Revenue Curves of the Firm
19. Pricing under Perfect Competition
20. Pricing under Monopoly
21. Pricing under Monopolistic Competition
22. Pricing under Oligopoly
23. Profit Maximization and Pricing Methods
24. Mutually Related Prices

PART FIVE

 THEQRY OF FACTQR PRICING

26. The Theory of Distribution

(The Theory of Factor Pricing)

27. Wages
28. Rent
29. Interest
30. Profits
31. Appraising Project Profitability
32. Alternative Macro-theories of Distribution

PART SIX

ECONOMICS OF WELFARE

32. Welfare Economics