Microeconomic Theory And Applications Part Ii
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Microeconomic Theory And Applications (Part Ii)
Microeconomics focuses on individual units like a consumer, a producer, a firm/industry, a commodity, etc. It analyses the behaviour of one market variable at a time. In microeconomics, the commodity markets are divided into perfect competitive markets and imperfect markets. 'Microeconomic Theory and Application (Part II)' deals with imperfect markets that are broadly classified into monopoly, monopolistic competition and oligopoly. Apart from this, the book also deals with the concept of factor pricing and its various aspects, in detail. This book supplements the classroom teaching and has been developed as per the syllabus of Bcom (Hons) II year course of the University of Delhi. The book would prove to be equally useful for all microeconomics courses at the graduation level across all the universities in India.
Microeconomics: Theory And Applications Part Ii
Author: S. P. S. Chauhan
language: en
Publisher: PHI Learning Pvt. Ltd.
Release Date: 2009-12
This book presents a scientific and systematic development of the under-lying concepts of microeconomics with due emphasis on analytical and mathematical treatment, much needed for an application orientation of mind, to help students in understanding and tackling the real-world problems. The book is organized into nine chapters. The first chapter is devoted to price-output decisions of a monopoly. It provides a comprehensive account of these decisions under all their manifestations in a systematic manner with illustrative sketches and mathematical explanations. Chapters 2 to 4, devoted to imperfect markets, cover monopolistic competition, duopoly and oligopoly under different situations of product pricing and quantity determination. The analysis is systematic incorporating illustrative sketches and mathematical explanations. Chapter 4 presents the sales maximization models of Baumol. Chapter 5 is devoted to factor pricing and Chapter 6 to capital and investment decisions. The former focuses on pricing of variable and fixed factors of production while the latter on intertemporal analysis and choice under uncertainty. Chapters 7 to 9, devoted to general equilibrium and market failure, analyse topics on general equilibrium and Pareto efficiency, markets with asymmetric information and externalities and public goods. This title includes: over 145 neatly drawn figures to clarify the concepts; chapter-end summaries as 'key terms and concepts' to facilitate quick revision; over 410 chapter-end short and long answer questions of numerical and analytical nature with hints, and answers as appropriate to probe the student's assimilation of the material covered; and, numerous illustrative examples throughout the text to illustrate the application of concepts.
Microeconomic Theory And Applications (Part I)
The concept of Microeconomics revolves around the behaviour of market. The answers of questions such as, how prices are determined and what leads to change in the prices so determined provide the subject matter of microeconomics. This book is an effort to bring together all the related topics in a careful manner. The book provides an extensive approach towards the concepts of demand and supply, product pricing, elasticity of demand and supply, marginal utility, etc. The book is divided into twelve chapters. It has been developed keeping in view the requirements of graduate level students, as the book covers the syllabus of microeconomics, as prescribed for the BCom (Hons) I year course of the University of Delhi. The book is written with the objective to supplement the classroom teaching. It has been written in a manner as if lectures are being delivered. Given at the end of each chapter are the University examination questions, with solutions to the numerical questions at the end of the book. The book would prove to be equally useful for all microeconomics courses at the graduation level across all the universities in India.