Introductory Micro Economics

This book has been designed strictly according of the latest syllabus of Economics Generic Paper offered in Semester-I, University of Delhi. The book is useful for students pursuing B.Com. (Hons.) and B.A. (Hons.) Economics, Semester-I as well as similar courses from various institutes and universities including University of Delhi. The subject has been presented in a lucid manner so as to be intelligible to all the readers, who have a working knowledge of English. Linkages between successive chapters and topics have been clearly established to ensure quick understanding of the text in the first reading itself. Chapter outline has been provided at the beginning of each chapter for the convenience of the students. Innovative techniques have been used for presenting each topic in the book. To keep the presentation as simple and intelligible as possible, diagrams and numerical problems have been given, wherever needed. Further, each topic in the book conforms to the recommended readings.

1. Nature and Scope of Economics

2. Economics : Concepts and Issues

3. Reading and Working with Graphs

4. Market Forces of Demand and Supply

5. Elasticity and its Applications

6. Supply, Demand and Government Policies

7. Consumers, Producers and Market Efficiency

8. Theory of Consumer Choice

9. Cost Analysis

10. Pricing under Perfect Competition

11. Pricing under Monopoly

12. Markets for Factors of Production

13. International Trade