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MICRO ECONOMIC ANALYSIS (THEORY) [1]

Paper Code: 
BSG 123
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
17.00
  • Micro Economics: Meaning and Definition, scope of micro economics Difference and Inter Dependence of Micro and Macro Economics.
  • Role of micro and macro economics in the formulation of business policy
  • Utility Approach- concept of utility, Law of Diminishing marginal utility, Law of Equi Marginal Utility

 

 

17.00
  • Indifference Curve Approach: concept, properties of indifference curve, consumer equilibrium, price effect, income and substitution effect
  • Demand analysis: -Law of demand, elasticity of demand,: degree of elasticity, methods of measuring elasticity

 

19.00

·         Cost Analysis: types of cost , short run and long run cost curves

·         Revenue: Concept and types

·         Law of Production- Meaning of Production, Law of Variable Proportions, Returns to scale, Isoquants: Properties of isoquants, isoquants and return to scale

Unit IV:                                                                                               

17.00
  • Market: Meaning, Characteristics of Market.
  • Price and Output determination under: Perfect Competition, imperfect competition, Monopoly, Discriminating Monopoly, Oligopoly (Kinked demand curve)
  • Duopoly and Monposony- definition and features

 

20.00
  • Marginal productivity theory of distribution:- Concept, price determination in perfect & imperfect market
    Interest :types of interest, Keynesian theory of interest and modern theory of interest
  • Profit: concept of profit, uncertainty theory of profit, modern theory of profit

 

Essential Readings: 
  • Somdeo, Business Economics, RBD, Jaipur
  • Mathur, N.D, Business Economics, Shivam Publication, Jaipur
  • Baumol, W J. Economic Theory and Operations Analysis.3rded,New Delhi, Prentice Hall 1996
  • D. M Mithani, Managerial Economics, Himayala Publishing House
  • Dwivedi D.N, Managerial Economics, Vikas Publications, Delhi.
  • Jain, Khanna, Tiwari, Modern Business Economics, V K publications

 

 

References: 
  • Koutsoyiannis, Modern Economics, New York, Macmillan,1991
  • Dornbusch, R. and S., Fischer. Macro Economics . Publisher Tata McGraw Hill
  • Mankiw, N. Gregory. Macro Economics. Macmillan.
  • Oliver, Blanchard. Macro Economics, Pearson Education, LPE.
  • Damodaran,Suma,Managerial Economics, ,Oxford university press
  • Wilkinson ,Managerial Economics : A problem Solving approach,Cengage learning

 

e-RESOURCES

 

JOURNALS

  • Economic and Political Weekly, www.epw.in [8]
  • Studies in Microeconomics, Sage Journal Publication
  • Microeconomics and Macroeconomics, Scientific and Academic Publishing
  • Economics, De Gruyter Open Access
  • International Journal of Economics and Business Research, Inderscience Publishers

 

 

 

 

 

Academic Year: 
2023-2024 [9]

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Source URL: https://business.iisuniv.ac.in/courses/subjects/micro-economic-analysis-theory

Links:
[1] https://business.iisuniv.ac.in/courses/subjects/micro-economic-analysis-theory
[2] http://www.mim.ac.mw/books/Samuelson%20Managerial%20Economics%207e.pdf
[3] https://epgp.inflibnet.ac.in/Home/ViewSubject?catid=0YyNXHI8GPO8SUQIuYNtTA==
[4] https://youtu.be/vLPpF0hunwc
[5] http://www.epwrfits.in/
[6] https://www.economicsonline.co.uk/
[7] https://www.publicationsdivision.nic.in/journals/
[8] http://www.epw.in
[9] https://business.iisuniv.ac.in/academic-year/2023-2024