Other university all, General , Business Economics (Micro) - II Syllabus

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Unit - 1 Cost and Revenue

1.1 Concepts and Types of Cost Economic Cost and Accounting Cost Private Cost and Social Cost Actual Cost and Opportunity Cost Explicit Cost and Implicit Cost Incremental Cost and Sunk Cost Fixed Cost and Variable Cost.

1.2 Relation between Total Cost Average Cost and Marginal Cost

1.3 Cost Curves in Short run and Long run

1.4 Concept of Total Revenue Average Revenue and Marginal Revenue

Unit - 2 Pricing Under Perfect Market Conditions

2.1 Pure Competition Meaning and Features

2.2 Features of Perfect Competition

2.3 Price Determination in Perfect Competition

2.4 Equilibrium of Firm and Industry in Short Run and Long Run

Unit - 3 Pricing Under Imperfect Market Conditions

3.1 Meaning of Imperfect Competition

3.2 Monopoly Features and Equilibrium Price Discrimination

3.3 Monopolistic Competition Features and Equilibrium

3.4 Oligopoly Concept and Features

3.5 Duopoly Concept and Features

3.6 Comparison of Perfect and Imperfect Competition

Unit - 4 Factor Pricing

4.1 Marginal productivity Theory of distribution

4.2 Rent Meaning Ricardian Theory of Rent Modern Theory of Rent Concept of Quasi Rent

4.3 Wages Meaning and Types of Wages a Minimum Wages b Money Wages c Real Wages d Subsistence Wages e Fair Wages

4.4 InterestMeaning Loanable Fund Theory Liquidity Preference Theory

3.5 Profit Meaning Risk and Uncertainty Theory of Profit Dynamic Theory of Profit Innovation Theory of Profit

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Other Subjects of level-2
Auditing
Business law ii
Business environment
Corporate accounting i
Principle of marketing
Elements of company law
Taxation - iii (direct taxes- ii)
Human resource development and organizational behavior
Management accounting (introduction to management accounting)
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