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25ATG/BSG/FSG123 [1]

Paper Code: 
MICRO ECONOMIC ANALYSIS
Credits: 
06
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to acquaint students with the concepts and theories of microeconomics, and develop their understanding of market structures for making price and output decisions.

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

25FSG123

 

Micro Economic Analysis

(Theory)

 

CO13   Analyze the Concept ofUtility andConsumerequilibrium

CO14 Evaluate the concept of demand toidentifythechangesinmarketdemand.

CO15 Examine optimumcostandproduction functionforabusiness

CO16 Examinethevariousmarketconditionstotakedecisiononoptimumprofit,price andoutputfora firm.

CO17 Integrate the concept andtheoriesofproductioninterest andprofit.

CO18 Contribute effectively in course-specific interaction

 

Approach in teaching:

 

Interactive Lectures, Discussion, Case Studies

 

Learning activities for the students:

 

Field activities, Presentation, Debates, Role-Playing

Classtest,Semesterendexaminations, Quiz, SolvingNumericalproblemsintutorials,Assignments,ClassPresentation

 

18.00
Unit I: 
Microeconomic Fundamentals

• MicroEconomic Fundamentals:MeaningandDefinition,scopeofmicroeconomicsDifferenceandInterDependenceofMicroandMacroEconomics.
• Roleofmicroandmacroeconomicsintheformulation ofbusinesspolicy
• UtilityApproach-conceptofutility,LawofDiminishingmarginalutility,LawofEquiMarginalUtility

18.00
Unit II: 
Consumer Behavior and Demand Analysis

• IndifferenceCurve Approach:concept, properties ofindifferencecurve,consumer equilibrium,priceeffect,incomeandsubstitutioneffect
• Demandanalysis:-Lawofdemand,elasticityofdemand,degreeofelasticity,methodsof measuringelasticity

18.00
Unit III: 
Cost, Revenue, and Production Laws

• CostAnalysis:typesofcost ,shortrunand longruncostcurves
• Revenue:Conceptandtypes
• LawofProduction-MeaningofProduction,LawofVariableProportions,Returnstoscale,Isoquants:Propertiesofisoquants,isoquantsandreturntoscale

18.00
Unit IV: 
Market Structures and Price-Output Determination

• Market:Meaning,CharacteristicsofMarket.
• PriceandOutputdeterminationunder:PerfectCompetition,imperfectcompetition,Monopoly,DiscriminatingMonopoly,Oligopoly(Kinkeddemandcurve)
• DuopolyandMonopsony-Definitionandfeatures

18.00
Unit V: 
Distribution of Income and Profit Theory

•Marginalproductivitytheoryofdistribution:Concept,pricedeterminationinperfect&imperfectmarket Interest: Typesofinterest,Keynesiantheoryofinterestandmoderntheoryofinterest
• Profit:conceptofprofit,uncertaintytheoryofprofit,moderntheoryofprofit

Essential Readings: 

1. Somdeo,BusinessEconomics,RBD,Jaipur
2. Mathur,N.D,BusinessEconomics,ShivamPublication,Jaipur
3. Baumol,WJ.EconomicTheoryandOperationsAnalysis.3rded,NewDelhi,PrenticeHall1996
4. D.MMithani,ManagerialEconomics,HimayalaPublishingHouse
5. DwivediD.N,ManagerialEconomics,VikasPublications, Delhi.
6. Jain,Khanna,Tiwari,ModernBusinessEconomics,VKpublications

References: 

Suggested Readings:
1. Koutsoyiannis,ModernEconomics,NewYork,Macmillan,1991
2. Dornbusch,R.andS.,Fischer.MacroEconomics.PublisherTataMcGrawHill
3. Mankiw,N.Gregory.MacroEconomics.Macmillan.
4. Oliver,Blanchard.MacroEconomics,PearsonEducation,LPE.
5. Damodaran,Suma,ManagerialEconomics,,Oxforduniversitypress
6. ManagerialEconomics:AproblemSolvingapproach,Cengagelearning

E- Resources:
1. Managerial economics:William F. Samulson, Stephen G. marks
2. UG pathshala:https://epgp.inflibnet.ac.in/Home/ViewSubject?catid=0YyNXHI8GPO8SUQIuYNt... [2]
3. NPTELVideo:https://youtu.be/vLPpF0hunwc [3]
4. EPWRFIndiaTimeSeries,www.epwrfits.in [4]
5. https://www.economicsonline.co.uk/ [5]
6. https://www.publicationsdivision.nic.in/journals/ [6]
7. EconomicandPoliticalWeekly,www.epw.in [7]
8. StudiesinMicroeconomics,SageJournalPublication
9. MicroeconomicsandMacroeconomics,ScientificandAcademicPublishing
10. Economics,DeGruyterOpenAccess
11. InternationalJournalofEconomicsandBusinessResearch,IndersciencePublishers

Academic Year: 
2025-2026 [8]

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Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/micro-economic-analysis-0

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/micro-economic-analysis-0
[2] https://epgp.inflibnet.ac.in/Home/ViewSubject?catid=0YyNXHI8GPO8SUQIuYNtTA==
[3] https://youtu.be/vLPpF0hunwc
[4] http://www.epwrfits.in
[5] https://www.economicsonline.co.uk/
[6] https://www.publicationsdivision.nic.in/journals/
[7] http://www.epw.in
[8] https://accountingtaxation.iisuniv.ac.in/academic-year/2025-2026