To give in-depth study of different cost concepts, markets and various aspects of theory of Factor distribution
Cost Analysis: Real cost, Opportunity cost, Money cost, Explicit and Implicit cost. Short run cost curves and Long run cost curves Revenue analysis: Concept & Types, Revenue under different market conditions
General theory of price Determination: Equilibrium of Demand and supply, Effect s of change in Demand and supply on price. Price and Output determination under different markets: Perfect and Imperfect Competition
Price and Output determination under: Monopoly, Discriminating Monopoly, Dumping and Oligopoly
Factor Pricing: Factor Pricing in perfect market, Factor Pricing in imperfect market. Marginal Productivity Theory of Distribution. Determination of Rent: Economic Rent Vs. Contract Rent, Ricardian theory & Modern theory of Rent.
Determination of Interest- Types of interest, Liquidity theory , Modern theory of interest Determination of Profit- concept of profit, Marginal Productivity theory of profit, Modern theory of profit
• Somdeo, Business Economics, RBD,Jaipur • Mathur.N.D, Business Economics,Shivam Publications,Jaipur • Jain, Khanna and Tiwari, Modern business Economics, V.K.Enterprises, New Delhi
• Dwivedi D.N, Managerial Economics, Vikas Publications, Delhi • Koutsoyiannis, Modern Economics, New York, Macmillan,1991 • Keat Paul G & K.Y.Young, Managerial Economics, Prentice Hall, New Jersey • Dipsey R.G and Cheystal, Principles of economy, Oxford university Press
Links:
[1] https://business.iisuniv.ac.in/courses/subjects/micro-economic-theory-ii-5
[2] https://business.iisuniv.ac.in/academic-year/2019-2020