Micro-Economic Theory - Jhingan, M.L

Book Title : Micro-Economic Theory 
Author : Jhingan, M.L.
Publisher : Vrinda Publications
 Price : Rs.250.00 /-
No. of pages : 684
Book Contents 

Part One : Basic Concepts . The Nature and Scope of Economics . Some Basic Concepts . Methodological Issues in Economics . Methods, Laws and Assumptions of Economics Theory . Economic Models . Choice As Economic Problem, Production Possibility Curve and Circular Flow of Economic Activity . Micro-and Macroeconomics. Economic Statics and Dynamics . Economy.Its Vital Processes Basic Problems . Economic Systems . Price System, Role of Price Mechanism and Consumer.s Sovereignty . The Concept of Equilibrium . 

Part Two : Consumption Theory . The Neo-Classical Utility Analysis . Demand and Law of Demand . The Indifference Curve Theory . The Concept of Consumer.s Surplus . The Revealed Preference Theory of Demand . The Elasticity of Demand . 

Part Three : Production Theory . Factors of Production .Characteristics of Land and Labour . Theories of Population . Division of Labour and Machinery . Capital and Capital Formation . Localisation of Industries . Scale of Production . Types of Business Units . Organisation . Laws of Returns : The Traditional Approach . Laws of Returns : The Isoquant.Isocost Approach . 

Part Four : Product Pricing . The Nature of Costs and Cost Curves . Market Structures . The Concept of Revenue .Supply : Its Law, Elasticity and Curves . Equilibrium of the Firm and Industry Under Perfect Competition . Pricing Under Perfect Competition: Demand and Supply Basic Framework . Applications of Demand and Supply Analysis Under Perfect Competition . Joint Demand and Supply . Monopoly . Monopsony and Bilateral Monopoly . Monopolistic Competition . Duopoly and Oligopoly . Objectives of Business Firm . Profit Maximisation, Full-Cost Pricing and Sales Maximisation Theory . Pricing of Public Undertakings . Linear Programming . 

Part Five : Factor Pricing . National Income : Meaning and Measurement . Inequality of Incomes . Theories of Distribution . Distributive Shares : The Product Exhaustion Theorem . Rent . Wages . Interest . Profits . Break-Even Analysis . Investment Analysis and Social Cost-Benefit . 

Part Six : Welfare Economics . Nature of Welfare Economics . The Classical and Marshallian Welfare Economics . Pigovian Welfare Economics and Externalities . Welfare Criteria . Welfare Maximisation . Pareto Optimality and Market Failure.





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