Micro Economic Theory-II

Published on Financial Studies (https://finance.iisuniv.ac.in)

Micro Economic Theory-II [1]

Paper Code:

FMG 214

Objective:

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

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

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.)

Unit III:

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

Unit IV:

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

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 [2]

Source URL: https://finance.iisuniv.ac.in/courses/subjects/micro-economic-theory-ii

Links:
[1] https://finance.iisuniv.ac.in/courses/subjects/micro-economic-theory-ii
[2] https://finance.iisuniv.ac.in/academic-year/2018-2019

Micro Economic Theory-II [1]

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