Chauhan S P S

Microeconomics - 2nd ed - New Delhi P H I 2016 - 958

Enriching contents of the book in the Second Edition, the author proffers a thoroughly revised and updated text with main focus on Game Theory, Linear Programming and Output–Input Analysis. Besides he gives due weightage to the topics on International Trade, Decision Theory, Pricing Policies in Practice and Basics of Econometrics for Estimation of Economic Functions—by introducing them as independent chapters in the present edition. The concepts have been introduced keeping decision-makers in mind, who may be associated with the corporate world or pursuing management courses offered by various institutes in India and abroad. The mathematical treatment of the topics, which is one of the distinguishing features of the book, is facilitated in a student-friendly approach.

Primarily intended for the undergraduate and postgraduate students of commerce, economics and management, the book is a comprehensive text in accordance with the syllabi of B.Com, B.Sc (Economic Hons.), M.Com, M.A. (Economics) and Master of Business Economics (MBE) courses. Besides academic pursuits, the book will also be useful for the aspirants of competitive examinations such as Indian Administrative Services (IAS), Provincial Civil Services (PCS), and Indian Economic Services (IES).

PEDAGOGICAL FEATURES
• Scientific and logical organisation to provide a link between the topics.
• Caselets to correlate the concepts to the real-world economic scenario.
• Illustrative examples to reinforce understanding of the concepts.
• Key terms and concepts to provide a bird’s eye-view of each chapter for quick revision.
• Short and long answer questions to test the reader’s grasp of the subject-matter.
• Answers, solutions and hints, wherever necessary are appended to check correct application of the concepts for building confidence among the readers.
Prelude by Dr. Manab Adhikary, Ex Dean, FMS, Founder Director and Director Emeritus NDIM " ... I found concepts, percepts, contents and context in a highly logical manner. The book is a comprehensive text for all—from beginners to potential researchers. The work is so unique that I cannot restrain myself from calling it a pioneering work ... author has raised the subject from ground level and lifted it to the heights of its orbit."

Preface
1. Introduction to Economics
2. Forces of Demand and Supply in Action: The Price Mechanism
3. Elasticity of Demand and Supply
4. Approaches to Demand Analysis and Consumer Behaviour
5. Production and Producer’s Equilibrium
6. Costs and Revenue
7. Market Forms
8. Price Output Decisions under Perfect Competition
9. Price Output Decisions of a Monopoly
10. Price Output Decisions of Monopolistically Competitive Firms
11. Classical Oligopoly
12. Game Theory
13. Sales Maximization
14. Determination of Factor Prices
15. Investment Decisions and Capital Asset Pricing
16. General Equilibrium and Economic Efficiency
17. Markets with Asymmetric Information
18. Externalities and Public Goods
19. Linear Programming
20. Input–Output Analysis
21. International Trade, Factor Mobility and Comparative Advantage
22. Decision Theory
23. Estimation of Functions In Economics: Basics of Econometrics
24. Pricing in Practice
Statistical Tables • Subject Index



9788120352223


Microeconomics

338.5 C394 M / 103708