Dr. V. C. Sinha, Dr. Pushpa Sinha
Description
An excellent book with thorough coverage for MA and BA classes, also very helpful for the students preparing for various competitive and professional
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examinations.
1. Problem of Scarcity and Choice, Production Curve and Opportunity Cost, 2. Economic Systems : Capitalism, Socialism and Mixed Economy, 3. Demand Analysis : Law of Demand, 4. Supply Analysis : Law of Supply, 5. Market Equilibrium or Equilibrium Price, 6. Applications of Demand and Supply, 7. Price Elasticity of Demand, 8. Utility Analysis : Diminishing Utility, Paradox of Value and Consumers Choice, 9. Indifference Curve Analysis, 10. Production Process and the Behaviour of Profit Maximizing Firms, 11. The Production Function and Law of Variable Proportions, 12. Returns to Scale, 13. Choice of Technology, 14. Isoquant Curve Analysis (Isoquant Curve, ISO-Cost Line and Cost Minimising Equilibrium Conditions), 15. Economies of Scale, 16. Cost in the Short Run and Long Run, 17. Revenue and Profit Maximization, 18. Perfect Competition : Assumptions, Equilibrium, Minimisation of Losses and Long Run Adjustment, 19. Short-Run and Long-Run Industry Supply Curve, 20. Allocative Efficiency Under Perfect Competition.
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