Coming soon
Micro Economic Theory-II
To give in-depth study of different cost concepts, markets and various aspects of theory of Factor distribution
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
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.
Market: Meaning, Characteristics of Market, Classification Of Market
Price and Output Determination under: Pure & Perfect Competition and Monopoly,
Price and Output Determination under: Discriminating Monopoly, Dumping, Monopolistic competition and Oligopoly- Perfect collusion, Independent pricing ( Kinked Demand Model).
Factor Pricing: Factor Pricing in a perfect market, Factor Pricing in an imperfect market. Marginal Productivity Theory of Distribution.
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