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Micro Economic Theory-II [1]

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: 
2015-2016 [2]

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Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/micro-economic-theory-ii-9

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/micro-economic-theory-ii-9
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2015-2016