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Micro Economic Theory-II
Paper Code:
AAF 216
Credits:
3
Contact Hours:
45.00
Max. Marks:
100.00
Objective:
To give in-depth study of different cost concepts, markets and various aspects of theory of Factor distribution
10.00
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
10.00
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.
7.00
Market: Meaning, Characteristics of Market, Classification Of Market
Price and Output determination under: Pure & Perfect Competition and
Monopoly,
8.00
Price and Output determination under : Discriminating Monopoly,
Dumping, Monopolistic competition and Oligopoly- Perfect collusion,
Independent pricing ( Kinked Demand Model).
10.00
Factor Pricing: Factor Pricing in perfect market, Factor Pricing in imperfect
market. Marginal Productivity Theory of Distribution.
References:
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
Academic Year:
