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Micro Economics -(TEXT BOOK)- By M.L. Seth

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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

  1. Theory of Consumer’s Behavior-Utility Analysis of Demand
  2. Indifference Curve Analysis of Demand
  3. Uses and Applications of Indifference Curve Analysis
  4. Revealed Preference Theory
  5. Elasticity of Demand and Supply
  6. The Concept of Consumer’s Surplus

PART THREE

THEORY OF PRODUCTION AND COST

  1. Factors of Production
  2. Substitutability of Factors and Laws of Returns
  3. Production Function – Isoquants Approach
  4. Isoquants and the Laws of Returns ‘
  5. Cost Analysis of the Firm
  6. Forms of Market Structure

PART FOUR

THEORY OF PRODUCT PRICING

  1. Revenue Curves of the Firm
  2. Pricing under Perfect Competition
  3. Pricing under Monopoly
  4. Pricing under Monopolistic Competition
  5. Pricing under Oligopoly
  6. Profit Maximization and Pricing Methods
  7. Mutually Related Prices

PART FIVE

 THEQRY OF FACTQR PRICING

  1. The Theory of Distribution

(The Theory of Factor Pricing)

  1. Wages
  2. Rent
  3. Interest
  4. Profits
  5. Appraising Project Profitability
  6. Alternative Macro-theories of Distribution

PART SIX

ECONOMICS OF WELFARE

  1. Welfare Economics

 

 

 

 

 

 

 

 

 

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

  1. Theory of Consumer’s Behavior-Utility Analysis of Demand
  2. Indifference Curve Analysis of Demand
  3. Uses and Applications of Indifference Curve Analysis
  4. Revealed Preference Theory
  5. Elasticity of Demand and Supply
  6. The Concept of Consumer’s Surplus

PART THREE

THEORY OF PRODUCTION AND COST

  1. Factors of Production
  2. Substitutability of Factors and Laws of Returns
  3. Production Function – Isoquants Approach
  4. Isoquants and the Laws of Returns ‘
  5. Cost Analysis of the Firm
  6. Forms of Market Structure

PART FOUR

THEORY OF PRODUCT PRICING

  1. Revenue Curves of the Firm
  2. Pricing under Perfect Competition
  3. Pricing under Monopoly
  4. Pricing under Monopolistic Competition
  5. Pricing under Oligopoly
  6. Profit Maximization and Pricing Methods
  7. Mutually Related Prices

PART FIVE

 THEQRY OF FACTQR PRICING

  1. The Theory of Distribution

(The Theory of Factor Pricing)

  1. Wages
  2. Rent
  3. Interest
  4. Profits
  5. Appraising Project Profitability
  6. Alternative Macro-theories of Distribution

PART SIX

ECONOMICS OF WELFARE

  1. Welfare Economics

 

 

 

 

 

 

 

 

 

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Cover Type

Hard Bound Edition, Paper Back Edition

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