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Economic For B.A. Students Semester I: MJC-1 | Introductory Microeconomics - NEP 2020 Bihar Universities

Economic For B.A. Students Semester I: MJC-1 | Introductory Microeconomics - NEP 2020 Bihar Universities

Author : H L Ahuja

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  • ISBN : 9789358702002
  • Pages : 304
  • Binding : Paperback
  • Language : English
  • Imprint : S Chand Publishing
  • © year : 2025
  • Size : 6.50*9.25

Price : 299.00 239.20

This textbook has been designed to meet the needs of B.A. First Semester students of Economics as per Common Minimum Syllabus prescribed for Patna University and other Universities in Bihar under the recommended National Education Policy 2020. Maintaining the traditional approach to the subject, this textbook comprehensively covers first semester paper, namely, 'Introductory Microeconomics'. This textbook acquaints the students to understand the profit-making techniques used by different businesses. It discusses the important concepts of microeconomics such as demand, supply & competitive market equilibrium; theory of consumer's behaviour; theory of indifference curve analysis of demand; theory of equilibrium of the industry and long run supply curve under perfect competition and theory of market structures and concepts of revenue.

  • Comprehensive coverage of the syllabus
  • Written in lucid manner for better understanding of concept
  • Engaging chapter-end exercises have been provided for practice

UNIT I: Unit I: Exploring the Subject Matter of Economics
 
  • The Economic Problem: Scarcity and Choice
  • The Scope of Economics
  • The Methodology of Economics

Unit II: Supply and Demand
 
  • Demand, Supply and Competitive Market Equilibrium
  • Elasticities of Demand and Supply
  • Consumer's Behaviour: Marshall's Cardinal Utility Analysis
  • Indifference Curve Analysis of Demand

Unit III: The Firm and Market Structure
 
  • Objectives of the Firm: A General Analysis
  • Equilibrium of the Firm under Perfect Competition
  • Equilibrium of the Industry and Long-run Supply Curve under Perfect Competition

Unit IV: The Markets for the Factors of Production
 
  • Market Structures and Concepts of Revenue

B.A. Students

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