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Modern microeconomics theory and applications
| Main Author: | |
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| Format: | Book |
| Language: | English |
| Published: |
New Delhi
S. Chand & Company Ltd.
1997
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| Edition: | 8th ed. |
| Subjects: |
Table of Contents:
- What economics is about Micro and macro-economics The methodology and mathematical tools of economics Demand, Supply and prices: an elementary analysis Basic economic problems The capitalist economic system: the role of price mechanism Demand and law of demand Marginal Utility analysis Indifference Curve analysis of demand Marshallian utility analysis vs. Indifference curve analysis Revealed preference theory of demand Elasticity of demand Consumers Surplus Factors of production Theory of production Returns to scale Theory of production : optimum factor combination Cost of production and cost curves Break-even analysis Supply and its elasticity Main market form sand concept of revenue Equilibrium of the firm Equilibrium of the firm and industry under perfect competition Price determination under perfect competition Stability of equilibrium and cobweb model Some applications of perfect competition model Price and output under monopoly Price discrimination Price and output under monopolistic and imperfect competition Price and output under oligopoly Full cost pricing theory and sales maximization model Linear programming and the theory of the firm The theory of distribution Labour supply and wage determination Theory of rent The theory of interest The theory of profits General equilibrium analysis Welfare economics Pareto criterion and pareto optimality Social welfare function Input Output Analysis International trade: Comparative cost theory Modern theory of International trade Terms of trade