Micro Economics

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Name of the Textbook: Micro Economics
B.com: 2nd Sem
Author: Dr. J.P. Mishra
Publisher: Sahitya Bhawan Publications
Language: English
Book: New
ISBN: 978-93-88408-45-5
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Syllabus of Micro Economics B.Com Semester-II Lucknow University

Unit I: Market:- Concept, Classification of Market. Supply:- Meaning and Change in Supply. Factors Affecting the Supply; Supply Elasticity. Perfect Competition:- Firm and Industry, Assumptions, Equilibrium and Price Determination. Practical Problems.
Unit II: Monopoly:- Assumptions, Equilibrium and Price Determination, Price Discrimination, Degree of Monopoly Power and its Regulation.
Unit-III: Monopolistic Competition:- Assumptions/Characteristics, Product Differentiation,
Selling Cast. Equilibrium and Price Determination. Oligopoly market:- Concept and Characteristics, Practical Problems.
Unit-IV: Factor Pricing:- Rent:- Ricardian Theory, Modern Theory, Quasi Rent. Wages:- Subsistence Theory of Wages, Wage Fund Theory, Residual Claimant Theory, and Marginal Productivity Theory. Interest:- Classical Theory of Interest, Loanable Funds Theory, Liquidity Preference Theory. Concept of the Liquidity Trap. Profit:- Accounting and Economic Profit. Dynamic Theory of Profit. Risk-bearing Theory, Uncertainty Bearing Theory, and Innovation Theory. Functions of Profit.

Micro Economics Book Contents