“Micro Economics Paper – I”, this book is designed to enable the students to understand the subject. The book is mainly designed to meet the requirements of Semester – I of F.Y. B.Com. (Accounting and Finance) students of University of Mumbai.
This book is prepared as per the new syllabus (for 75 : 25 pattern) Credit-based Semester and Grading System which came into effect from the academic year 2014- 2015.
It is also helpful for students appearing for professional and competitive examinations.
As the Member of Board of Studies in Business Economics, University of Mumbai, I have been to various workshops as Resource Person to discuss the syllabus of “Business Economics Paper – I”. The rich experience I gained during the deliberations with the various senior faculty members has inspired me to write this book.
The book covers topics of Concept of Scarcity, Choice and Efficiency (with Reference to PPC), Basic Tools in Economic Analysis, Demand and Supply Analysis, Theory of Production, Cost and Revenue Analysis, Market Structure, Pricing Practices, Market Failure and Project Planning.
Contents –
1. Introduction
2. Demand and Supply Analysis
3. Theory of Production
5. Market Structure
6. Pricing Practices, Market Failure and Project Planning
