Micro Economic Theory-II

Paper Code: 
FSI 214
Objective: 

To give in-depth study of different cost concepts, markets and various aspects of theory of Factor distribution

10.00
Unit I: 

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

10.00
Unit II: 

Market: Meaning, Characteristics of Market, classification Of Market, Market Structure. Perfect competition- Characteristics. Monopoly Characteristics. Imperfect Competition- Different Forms of Imperfect Competition( Oligopoly & Duopoly- Meaning.)

7.00
Unit III: 

Price and Output determination under: Perfect Competition, Monopoly, Discriminating Monopoly, Monopolistic Competition.

8.00
Unit IV: 

Oligopoly: Concept, Non Collusive oligopoly: Chamberlin Model: Kinked Demand Model, Collusive Oligopoly: Cartels; Price Leadership

10.00
Unit V: 

Factor Pricing: Factor Pricing in perfect market, Factor Pricing in imperfect market. Marginal Productivity Theory of Distribution

Essential Readings: 

• Somdeo, Business Economics, RBD,Jaipur
• Mathur.N.D, Business Economics,Shivam Publications,Jaipur
• Jain, Khanna and Tiwari, Modern business Economics, V.K.Enterprises, New Delhi

References: 

• Dwivedi D.N, Managerial Economics, Vikas Publications, Delhi
• Koutsoyiannis, Modern Economics, New York, Macmillan,1991
• Keat Paul G & K.Y.Young, Managerial Economics, Prentice Hall, New Jersey
• Dipsey R.G and Cheystal, Principles of economy, Oxford university Press

Academic Year: 
2018-2019
  • Printer-friendly version
  • PDF version