Name: Advanced Microeconomics (Vol. 1)
Brand: Atlantic Publishers & Distributors (P) Ltd
SKU: 9788126912049
Price: 525.0 INR
Availability: InStock

Advanced Microeconomics (Vol. 1)

by K.R. Gupta

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ISBN13: 9788126912049
Binding: Hardcover
Subject: Economics
Publisher: Atlantic Publishers & Distributors (P) Ltd
Publisher Imprint: Atlantic
Publication Date: May 22, 2009
Pages: 440
Original Price: INR 750.0
Language: English
Edition: N/A
Item Weight: 670 grams
BISAC Subject(s): General

About The Book

Microeconomics is a branch of economics that studies how individuals, households and firms and some states make decisions to allocate limited resources, typically in markets where goods or services are being bought and sold. It examines how these decisions and behaviours affect the supply and demand for goods and services, which determines prices; and how prices, in turn, determine the supply and demand of goods and services. One of the objectives of microeconomics is to analyze market mechanisms that establish relative prices amongst goods and services and allocation of limited resources amongst many alternative uses. It analyzes market failure, where markets fail to produce efficient results, as well as describes the theoretical conditions needed for perfect competition. Significant fields of study in microeconomics include general equilibrium, markets under asymmetric information, choice under uncertainty and the elasticity of products within the market system. The book Advanced Microeconomics has a wide coverage and deals with all the important topics on the subject generally required by students of B.A. (Hons.), M.A., M.Com., M.B.A., C.A., I.C.W.A. and C.S. It is an exhaustive and elaborate presentation of all the concepts along with various theories and laws. The style of the book is simple, lucid and easily accessible. Diagramatic and algebraic presentations are given wherever required. It also covers modern topics like Games Theory. The book would be found useful by students and teachers of this subject. It will also be a rewarding and enriching reading to those interested in the study of methods, nature and scope of microeconomics.

About The Author

K.R. Gupta is a well-known Economist. He has published over a dozen books which include six volumes of Liberalisation and Globalisation of Indian Economy. In addition, he has contributed more than hundred papers in leading journals published in India and abroad. He has been teaching postgraduate classes and guiding research for about two decades in the University of Jammu and Kurukshetra University. He has been teaching Microeconomics to postgraduate students for fourteen years. He has worked as an Economist in private as well as public sector. His last assignment was as Economic Advisor to Modi Enterprises.

Table of Contents

1. Methods of Economics
2. Static and Dynamic Economics
3. Nature and Scope of Economics
4. Utility and Welfare
5. Theory of Consumer Behaviour
6. Indifference Curve Analysis
7. Revealed Preference Theory of Demand
8. Elasticity of Demand
9. Hicks’ Revision of Demand Theory
10. Marshallian Utility Analysis vs. Indifference Curves Analysis
11. Theory of Production
12. Cost of Production
13. Returns to Scale
14. Concept of Revenue
15. Principle of Profit Maximisation
16. Equilibrium of Firm and the Industry
Under Perfect Competition
17. Pricing Under Perfect Competition
18. Monopoly

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