It is a matter of great satisfaction for us that our book Principles of Microeconomics written for B.Com. and BA (Programme) First Year of University of Delhi, has been well received by teachers and students alike. Encouraged by this response, we now present the third Editions of our book. As required in the syllabus, we have followed the framework of discussion adopted by Richard G. Lipsey and Alec K. Chrystal, in their book Principles of Economics, Ninth editions 1999. We have covered the entire syllabus in a comprehensive and Exchange way. The discussion in our book is divided into eight units. The organization, structure and contents of these units is as follows.
| Book Content of Principles of Micro Economics | |
| UNIT I : INTRODUCTION 1. Important Economic Concepts and Issues 2. Methods of Studying Economics 3. Demand and Supply 4. Elasticity of Demand and Supply 5. Applications of Demand and Supply |
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| UNIT II : CONSUMER THEORY 6. Cardinal Utility Theory 7. Indifference Curve Analysis |
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| UNIT III : PRODUCTION AND COSTS 8. Theory of Production 9. Theory of Costs and Revenue |
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| UNIT IV : MARKET STRUCTURES 10. Theory of Perfect Competition 11. Theory of a Monopoly Firm 12. Imperfect Competition |
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| UNIT V : CONSUMER AND PRODUCER THEORY IN ACTION 13. Consumer and Producer Theory in Action |
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| UNIT VI : INCOME DISTRIBUTION AND FACTOR PRICING | |
