Principles of Micro Economics For B.A. Sem.-1 (According to NEP-2020)

Contents: 

Section–I : 1. Problem of Scarcity and Choice 2. Production Possibility Curve and Opportunity Cost 3. Economic Systems 

Section–II : 1. Demand Analysis 2. Elasticity of Demand 3. Supply and Elasticity of Supply 

Section–III : 1. Utility Analysis–Cardinal Approach 2. The Law of Diminishing Marginal Utility 3. The Law of Equi-Marginal Utility 4. Utility Ordinal Approach—Indifference Curve Analysis 5. Consumer’s Surplus and Producer’s Surplus 

Section–IV : 1. Production Function : Laws of Production 2. Returns To Scale 3. Isoquant or Equal Product Curve and Elasticity of Substitution 4. Scale of Production—Economies of Scale 

Section–V : 1. Theory of Costs 2. The Concept of Revenue 

Section–VI : 1. Market and Its Classification 2. Price Determination Under Perfect Competition 3. Equilibrium of Firm Under Perfect Competition 4. Monopoly, Discriminating Monopoly and Monopoly Control 5. Monopolistic (Imperfect) Competition 6. Oligopoly And Duopoly 

Section–VII : 1. Consumer and Producer Theory 2. Markets And Market Failure 3. Income Distribution 4. Welfare Economics 

More Information:- The authors of this book are Dr. V.C.Sinha and Ritika Sinha. Dr. V.C.Sinha is a former Vice-chancellor & Head, Department of Business Economics and Business Administration, A.P.S University, Rewa. Ritika Sinha is an Assistant Professor in Bangalore University, Bangalore..