Microeconomics Theory And Applications

Introduction To Microeconomics; Method Of Economic Studies And Theory Formulation; Framework Of The Economy And Economy Problems; Markets Forces And Market Mechanism; Theory Of Consumer Demand: Cardinal Utility Approach; Theory Of Consumer Demand: Ordinal Utility Approach; Application Of Indifference Curve For Policy Assessment; Revealed Preference Theory; The Market Demand: Concepts, Determinants And Function; Elasticities Of Market Demand And Applications; Consumer Surplus: Measurement And Application; Theory Of Production-I: The Laws Of Variable Input; Theory Of Production-II: The Laws Of Returns To scale; Optimum Combination Of Inputs And Expansion Path; Theory Of Cost; Market Structure And Objectives Of Business Firms; Price And Output Determination Under Perfect Competition; Price And Output Determination Under Monopoly And Related Issues; Price And Output Determination Under Monopolistic Competition; Price And Output Determination Under Oligopoly; Managerial Theories Of Firms Of Oligopoly; The Factor Market: Factor Demand And supply; Wage Determination Under Perfect Competition; Wage And Employment Under Imperfect Competition; Theory Of Rent; Theories Of Interest Determination; Interest Rate And Investment Decisions; Theories Of Profit; Product Exhaustion Theorem; General Equilibrium Analysis; Welfare Economics: Pareto Optimality; New Welfare Economics: The Post - Pareto; Market Failures And Provision Of Public Goods.