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Microeconomics : Theory and Applications 4th Edition

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Microeconomics : Theory and Applications 4th Edition (Paperback, D N Dwivedi)

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Author

D N Dwivedi

Highlights

Binding: Paperback
Publisher: Vikas Publishing House
Genre: Microeconomics
ISBN: 9789356743137, 9356743134
Edition: 4th Latest Edition, 2023
Pages: 675

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Description

The objective of this book is to provide a comprehensive and authentic analysis of microeconomic theories and their applications to business decisions and to the determination of the general equilibrium of microeconomic variables. Some significant changes have been made in this edition of the book by taking in view the modern syllabi of microeconomics recommended by the UGC and the universities in India.

Specifications

Book Details

Imprint	Vikas Publishing House
Publication Year	2023 December
Edition Type	Special Edition
Book Type	Microeconomics
Exam	Engineering Exam
Table of Contents	Part-I: INTRODUCTION 1. Introduction to Microeconomics 2. Method of Economic Studies and Theory Formulation 3. Framework of the Economy and Economic Problems 4. Market Forces and Market Mechanism Part-II: THEORY OF CONSUMER DEMAND 5. Theory of Consumer Demand: Cardinal Utility 6. Theory of Consumer Demand: Ordinal Utility 7. Application of Indifference Curve for Policy Assessment 8. Revealed Preference Theory 9. The Market Demand: Concept, Determinants and 10. Elasticities of Market Demand and 11. Consumer Surplus: Measurement and Application Part-III: THEORY OF PRODUCTION AND COST ANALYSIS 12. Theory of Production-I: The Laws of Variable Input 13. Theory of Production-II: The Laws of Returns to Scale 14. Optimum Combination of Inputs and Expansion Path 15. Theory of Cost Part-IV: THEORY OF FIRM: THEORY OF PRICE AND OUTPUT DETERMINATION 16. Market Structure and Objectives of Business Firms 17. Price and Output Determination under Perfect Competition 18. Price and Output Determination under Monopoly and Related Issues 19. Price and Output Determination under Monopolistic Competition 20. Price and Output Determination under Oligopoly 21. Managerial Theories of Firms of Oligopoly Part-V: FACTOR MARKET AND FACTOR PRICING 22. The Factor Market: Factor Demand and Supply 23. Wage Determination under Perfect Competition 24. Wage and Employment under Imperfect Competition 25. Theory of Rent 26. Theories of Interest Determination 27. Interest Rate and Investment Decisions 28. Theories of Profit 29. Product Exhaustion Theorem Part-VI: GENERAL EQUILIBRIUM AND WELFARE ECONOMICS 30. General Equilibrium Analysis 31. Welfare Economics: Pareto Optimality 32. New Welfare Economics: The Post-Pareto Welfare Economics 33. Market Failures and Provision of Public Goods

Translation Details

Translated to

English

School Books Details

Subject

Microeconomics

University Books Details

Stream	Microeconomics
Degree/Diploma	Degree
Specialization	Microeconomics
Subject	Microeconomics

Additional Features

Age Group

17 - 100 Years

Other Features

New chapters added in the book are: (i) Chapter 2: Method of Economic Studies and Theory Formulation; (ii) Chapter 3: Framework of the Economy and Economic Problems; and (iii) Chapter 4: Market Forces and Market Mechanism. New sections added to various chapters include: (i) In Chapter 5, Section 5.7: Law of Demand under Variable MU of Money; and Section 5.8: Why Demand Curve Slopes Downward to Right; (ii) In Chapter 9, Section 9.3: Assessment of Market Demand; and Section 9.6: Market Demand Functions; (iii) In Chapter 11, Section 11.1: Introduction (which includes Dupuit's Concept of Consumer Surplus); (iv) In Chapter 17, Section 17.9: Application of Competitive Market Analysis; and (v) In Chapter 18, Section 18.6: No Unique Supply Curve under Monopoly. New topics added to Chapter 30: General Equilibrium Analysis include: (i) Analytical Framework of the General Equilibrium of the Microeconomic Variables and (ii) Theoretical Propositions of the Determination of the Economic Welfare

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