Description

TABLE OF CONTENTS,SECTION B (ESSAYS),UNIT: 1 UTILITY & BUDGET LINE,1 UTILITY THEORY & CONSUMER EQUILIBRIUM,1 BUDGET LINE,1 INDIFFERENCE CURVE ANALYSIS & TYPES OF GOODS,UNIT: 2 PRODUCTION & COSTUNIT: 3 MARKET STRUCTURES,3 RULES OF FIRM’S BEHAVIOUR,3 PRICE AND OUTPUT IN MARKET STRUCTURES,3 COMPARISON OF MARKET STRUCTURES,3 NORMAL & ABNORMAL PROFITS,3 CONVERSION OF PERFECT COMPETITION TO MONOPOLY,3 OBJECTIVES OF FIRMS,3PRICEDISCRIMINATION,3CONTESTABLEMARKETS,UNIT:4,ECONOMIC,EFFICIENCY AND MARKET FAILURE,4 EXTERNALIZES, CONCEPTS & EFFECTS,4 ECONOMIC EFFICIENCY AND MARKET FAILURE,4 POLICIES TO IMPROVE EFFICIENCY,UNIT:5 LABOR MARKET,5 INDIVIDUAL’S SUPPLY OF LABOR,5 WAGE DETERMINATION IN PERFECT AND IMPERFECT MARKETS

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