Book Title : Modern Micro-Economics
Author : Jhingan, M.L.
Publisher : Vrinda Publications
Price : Rs.250.00 /-
No. of pages : 856
Short Description : An advanced level text on Micro-economic Theory.
Book Contents
Part One : Basic Concepts • The Scope and Nature of Economics • The Methodological Issues in Economics • Economic Models • Micro and Macroeconomics • Economic Statics and Dynamics • The Concept of Equilibrium • The Role of Price Mechanism •
Part Two : Demand Theory • The Neo-Classical Demand Analysis • The Indifference Curve Theory • The Modern Utility Analysis of Choices Involving Risk or Uncertainty • The Revealed Preference Theory of Demand • Hicks’s Revision of Demand Theory: Demand Theory of Logical ordering • Bandwagon, Snob and Veblen Effects in Demand Theory • The Elasticity of Demand • The Concept of Consumer’s Surplus • Recent Developments in Demand Theory •
Part Three : Production Theory • Production Function : The Traditional Approach • Production Function : The Isoquant-Isocost Approach • Technical Progress and Production Function •
Part Four : Product Pricing • The Nature of Costs and Elasticity of Costs • The Concept of Revenue • The Supply Curve under Different Market Conditions • Equilibrium of the Firm and Industry under Perfect Competition • Pricing under Perfect Competition • Independent Prices • Monopoly • Monopsony and Bilateral Monopoly • Monopolistic Competition • Duopoly and Oligopoly • Limit Pricing Theories • Profit Maximisation and Full-Cost Pricing Theories • Behavioural and Managerial Theories of the Firm • Pricing of Public Undertakings • Game Theory and Price Determination • Input-Output Analysis • Linear Programming •
Part Five : Factor Pricing • Macro-Theories of Distribution • Euler’s Theorem: The Adding up Problem • Factor Pricing under Different Market Conditions • Rent • Wages • Interest • Profits •
Part Six : Welfare Economics • General Equilibrium Theory • Nature of Welfare Economics • Pigovian Welfare Economics and Externalities • New Welfare Economics • Maximisation of Social Welfare • Marginal Conditions of Paretian Optimum • Pareto Optimality and Perfect Competition • Economics of Risk and Uncertainty • Theories •
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