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Introductory Microeconomics

By Dr. Anoop Kumar Atria

9 Ratings | 2 Reviews

Rs. 400


Specifications of Introductory Microeconomics

Book Details

  • 978-93-83733-75-0
  • English
  • 2020
  • Paper Back
  • -


  • Introductory Microeconomics and Macroeconomics 
    [Introductory Microeconomics]
    Part B
    Unit 1: Introduction

    Meaning of microeconomics and macroeconomics; positive and normative economics

    What is an economy? Central problems of an economy: what, how and for whom to produce; concepts of production possibility frontier and opportunity cost.

    Unit 2: Consumer's Equilibrium and Demand

    Consumer's equilibrium - meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer's equilibrium using marginal utility analysis.

    Indifference curve analysis of consumer's equilibrium-the consumer's budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer's equilibrium.

    Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand - factors affecting price elasticity of demand; measure­ment of price elasticity of demand – percentage-change method.

    Unit 3: Producer Behaviour and Supply

    Meaning of Production Function – Short-Run and Long-Run

    Total Product, Average Product and Marginal Product.

    Returns to a Factor

    Cost: Short run costs - total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, average variable cost and marginal cost-meaning and their relationships.

    Revenue - total, average and marginal revenue - meaning and their relationship.

    Producer's equilibrium-meaning and its conditions in terms of marginal revenue-marginal cost. Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply; measurement of price elasticity of supply - percentage-change method.

    Unit 4: Forms of Market and Price Determination under Perfect Competition with Simple Applications.

    Perfect competition - Features; Determination of market equilibrium and effects of shifts in demand and supply.

    Other Market Forms - monopoly, monopolistic competition - their meaning and features.

    Simple Applications of Demand and Supply: Price ceiling, price floor.

    SP. Sample PapersSP
    EP. Examination Papers-2014
    MP. Model Test Papers

Reviews of Introductory Microeconomics

  • 4.5
    Average Rating Based on 9 ratings
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15 Jul 2015

I like the Book

Its OK

Ankit Jangid

17 Jul 2015

I like this book

Its a Good Book.

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