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Modern Economics, 19th Revised Edition Paperback – 2002

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Contents: PART I SCOPE AND METHODOLOGY OF ECONOMICS What Economics is About Micro and Macro-Economics Methodology of Economics Economic Statics and Dynamics Central Problems of an Economy Market Economiy and the role : The Role of Price Mechanism PART II THE THEORY OF DEMAND Demand and Law of Demand Demand: Marshall’s Cardinal Utility Analysis Indifference Curve Analysis of Demand Marshall’s Cardinal Utility Analysis vs. IndifferenceCurve Analysis Applications and Uses of Indifference Curves Revealed Preference Theory of Demand Elasticity of Demand Consumer’s Surplus PART III THE THEORY OF PRODUCTION AND COST Factors of Production The Theory of Production : Returns to a Factor Production Function with Two Variable Factors Optimum Factor Combination Cost of Production and Cost Curves Supply and its Elasticity PART IV THE THEORY OF FIRM AND PRICING IN VARIOUS MARKETSTRUCTURES Main Market Forms and Concepts of Revenue Equilibrium of the Firm – A General Analysis Equilibrium of the Firm and Industry under PerfectCompetition Price Determination under Perfect Competition Applications of Demand and Supply Analysis Price and Output under Monopoly Price Discrimination Price and Output under Monopolistic Competition Price and Output Under Oligopoly Sales Maximisation Model of Oligopoly Theory of Games and Competitive Strategy PART V FACTOR PRICING AND INCOME DISTRIBUTION The Theory of Distribution : A General View Wage determination in competitive and imperfectly competitivemarkets The Theory of Rent Alternative Theories of Interest The Theory of Profits PART VI GENERAL EQUILIBRIUM ANALYSIS AND WELFARE General Equilibrium Analysis Welfare Economics: An Introduction Economic Efficiency and Pareto Optimality Market Failures, Externalities and Public Goods New Welfare Economics : Compensation Principle Social Welfare Function PART VII THE THEORY OF INTERNATIONAL TRADE International Trade : Comparative Cost Theory Heckscher-Ohlin Theory of International T

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Product details

  • Paperback: 1620 pages
  • Publisher: S.Chand (G/L) & Company Ltd (2002)
  • Language: English
  • ISBN-10: 8121904323
  • ISBN-13: 978-8121904322
  • Package Dimensions: 24 x 17.2 x 5.8 cm
  • Average Customer Review: 3.2 out of 5 stars 4 customer reviews
  • Amazon Bestsellers Rank: #1,70,962 in Books (See Top 100 in Books)
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