To give in-depth study of different cost concepts, markets and various aspects of theory of Factor distribution
Real cost, Opportunity cost, Money cost, Explicit and Implicit cost. Short run cost curves and Long run cost curves
Revenue analysis: Concept and types
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.
Meaning, Characteristics of Market, Classification Of Market
Price and Output determination under: Pure & Perfect Competition and Monopoly,
Discriminating Monopoly, Dumping, Monopolistic competition and Oligopoly- Perfect collusion, Independent pricing ( Kinked Demand Model).
Factor Pricing in perfect market, Factor Pricing in imperfect market. Marginal Productivity Theory of Distribution.
• Somdeo, Business Economics, RBD,Jaipur
• Mathur.N.D, Business Economics,Shivam Publications,Jaipur
• Jain, Khanna and Tiwari, Modern business Economics, V.K.Enterprises, New Delhi
• 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