TY - BOOK AU - Ahuja, H.L. TI - Principles of Microeconomics: A new look textbook of microeconomic theory SN - 9788121903356 U1 - 338.5 23 PY - 1977/// CY - New Delhi PB - S. Chand & Company Pvt. Ltd. N1 - Part-I: Introduction; 1. The economic problem : Scarcity and choice; Chapter-1: Some importantdefinitions of economics; 2. The scope of economics; 3. The method of economics; Chapter-3: The use of mathematical concepts, graphs and optimisation techniques; 4. Basic competitive model and role of price mechanism; Chapter-4:Market-friendly new economic reforms; Part-II: Demand, supply and competitive market; 5. Demand, supply and competitive market equilibrium; 6. Applications of demand and supply analysis; 7. Elasticities od demand and supply; 8. Application of elasticities of demand and supply; 8A. Markets, economic efficiency and welfare; Part-III: Theory of consumer's behaviour; 9. Demand: Marshall's cardinal utility analysis; 10. Consumer's surplus; 11. Indifference curve analysis of demand; Chapter-11: Slutsky substitution effect; 12. Marshall's cardinal utility analysis vs. indifference curve; 13. Applications and uses of indofference curves; 14. Labour supply and saving decisions; Part-IV: The theory of production and cost; 15. Factors of production; 16. The theory of production: returns to a factor; 17. Production function with two variable factors; 18.Optimum factor combination; 19. Cost of production and cost curves; 20. The firm: Financing, controllong and managing; Part-V: The theory of firm and pricing in various market structures; 21. Main market structures and concepts of revenue; 22. Objectives and equilibrium of the firm - A general analysis; 23. Equilibrium of the firm and industry under perfect competition; Chapter-23: Equilibrium of the firm underperfect competition: differential cost condition; 24. Price determination and efficiency of perfectly competitive market; Chapter-24: Stability of equilibrium; 25. Producer and consumer theory in action; 26. Price and outputunder monopoly; 27. Price discrimination; 28. Price and output under oligopoly; Chapter-29: OPEC: A case study of a cartel; 30. Cournot, bertrand and chamberlin's models of oligoply; 31. Theory of games and strategic behaviour; 32. Non profit-maximising theories: Mark-up and sales maximising models; 33. Government policies towards monopoly and competition; 34. Information problems and market for lemons; Part-VI: The theory of distribution: 35. The theory of distribution: A general view; 36. Labour supply and wage determination; 37. The theory of land rent; 38. Alternative theories of interest; 39. The theory of profits; Part-VI: Welfare economic and economic efficiency; 40. Welfare economics: Market success and failures; 41. Economic efficiency: General equilibrium approach; 42. Market failures; 43. Kaldor- Hicks welfare criterion: Compensation principle; 44. Social welfare function; Part-VII: International; 45. International Trade: Comparative cost theory; 46. Heckscher-Ohlin theory ofinternational trade: gains from trade; 47. Free trade versus protection N2 - X ER -