Microeconomics: An Advanced Treatise

Microeconomics: An Advanced Treatise by S. P. S. Chauhan

Book Summary:

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).

Audience of the Book :

This book Useful for Management & Commerce students.

Table of Contents :

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