Rani Durgavati Vishwavidyalaya, MP, General Semester 1, Micro Economics Syllabus

Micro Economics Lecture notes | Videos | Free pdf Download | Previous years solved question papers | MCQs | Question Banks| Syllabus
Get access to 100s of MCQs, Question banks, notes and videos as per your syllabus.
Try Now for free

Unit - 1 Definition and Scope of Micro Economics

1.1 Definition and Scope of Micro Economics

1.2 law of demand

1.3 Elasticity of Demand Price Income and Cross Elasticity

1.3 Consumer’s equilibrium necessary and sufficient conditions

1.4 Price consumption curve income consumption curve and Engel curve Income and substitution effects.

1.6 Revealed preference theory

Unit - 2 Production function

2.1 Production function Law of Variable Proportions and returns to scale.

2.2 Isoquants marginal rate of technical substitution economic region of production optimal combination of resources the expansion path.

2.3 Cost of Production Social and private costs of production long run and short run costs of production. Economies and diseconomies of scale. Economies of scope.

Unit - 3 Market

3.1 Market Meaning market structure

3.2 Perfect competition Characteristics Equilibrium of the firm and the industry in the short and the long runs

3.3 Demand supply analysis including impact of taxes and subsidy

Unit - 4 Monopoly

4.1 Monopoly characteristics short run and long run equilibrium

4.2 Price discrimination in Monopoly

4.3 Dumping

4.4 Degrees of Monopoly power

4.5 Comparison between monopoly and perfect competition maximum social welfare due to marginal cost pricing under perfect competition.

Unit - 5 Imperfect competition

5.1 Imperfect competition Monopolistic Competition Duopoly and Oligopoly Monopolistic competition price and output decisionequilibrium.

5.2 Monopolistic Competition and economic efficiency

5.3 Duopoly models

5.4 Oligopoly and Interdependence Kinked demand model. Collusive oligopoly – priceleadership model.

Download GEN Sem 1 syllabus pdf
Get access to 100s of MCQs, Question banks, notes and videos as per your syllabus.
Try Now for free
Other Subjects of Semester-1-
Business law
Financial accounting
Environmental studies
Business organisations
Popular posts
Top 10 jobs in BCom
Fayol's 14 principles of management
How to perform SWOT analysis
What are types of leadership styles
What is balance of payment
Share  
Link Copied
More than 1 Million students use Goseeko! Join them to feel the power of smart learning.
Spot anything incorrect? Contact us