This book Advanced Microeconomics is about microeconomic theory covering the entire syllabus prescribed by the University Grants Commission for the M.A./M.Sc. Economics students of Indian Universities and Colleges. The Syllabus includes both the traditional theories and the recent developments like economics of uncertainly. The material is also derived/referred from very old reference books. These are not easily available to students in small cities and rural areas. Nor it is available in recently published books in India or other countries. For an ordinary student, it is a tedious task to refer to a large number of book for a single paper. As a teacher who teaches Microeconomic theory to M.A. Economics students for many years, I am compelled to write this book that will benefit the student community.
The book is divided into nine chapters as it is given in the UGC syllabus. Each chapter is broken into several numbered sections, each of which develops a major theme. In each chapter, both old theories and recently developed concepts are discussed in detail with suitable illustrations and diagrams. Very simple language is used throughout the book. Unnecessary mathematical equations and notations are avoided while very simple examples and calculations, high school algebra and geometry are used.
Contents-
1. Introduction and Basic Concepts
2. Theory of Demand
3. Theory of Production and Costs
4. Price and Output Determination
5. Alternative Theories of Firms
6. Distribution
7. Welfare Economics
8. Grneral Equilibrium
9. Economics of Uncertainty
