Coming soon
Micro Economic Theory II
To give in-depth study of different cost concepts, markets and various aspects of theory of Factor distribution
Cost Analysis: Real cost, Opportunity cost, Money cost, Explicit and Implicit cost. Short run cost curves and Long run cost curves Revenue analysis: Concept and types
General theory of price Determination: Equilibrium of Demand and supply, Effect s of change in Demand and supply on price. Role of Time element in Price Determination: Price determination under very short, short period and long run. Difference between Market price and Normal Price.
Market: Meaning, Characteristics of Market, Classification Of Market Price and Output determination under: Pure & Perfect Competition and Monopoly
Price and Output determination under : Discriminating Monopoly, Dumping, Monopolistic competition and Oligopoly- Perfect collusion, Independent pricing ( Kinked Demand Model).
Factor Pricing: Factor Pricing in perfect market, Factor Pricing in imperfect market. Marginal Productivity Theory of Distribution.
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Mathur.N.D, Business Economics,Shivam Publications,Jaipur
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Dwivedi D.N, Managerial Economics, Vikas Publications, Delhi
Koutsoyiannis, Modern Economics, New York, Macmillan,1991
Keat Paul G & K.Y.Young, Managerial Economics, Prentice Hall, New Jersey
Dipsey R.G and Cheystal, Principles of economy, Oxford university Press
