Vikas Publishing Principles of Economics, 2nd Edition

Description

Part-I: Introduction: 1. Introduction to Economics, 2. The Economy and its Basic Problems: Scarcity and Choices, Part-II: Fundamentals of Market Economy: 3. The Laws of Demand and Supply and Market Equilibrium, 4. Elasticities of Demand and Supply, 5. Market Equilibrium and Disequilibrium, 6. Failure of the Market Economy and Role of the Government, Part-III: Theory of Consumer Demand: 7. Theory of Consumer Demand: Cardinal Utility Approach, 8. Theory of Consumer Demand: Ordinal Utility Approach, 9. Recent Development in Consumption Theory, 10. Consumer’s Surplus, Part-IV: Theory of Production and Analysis of Cost: 11. Theory of Production-I: Production with One Variable Input, 12. Theory of Production-II: Production with Two Variable Inputs, 13. Optimum Combination of Inputs, 14. Theory of Production Cost, Part-V: Theory of Firm: Price and Output Determination: 15. Objectives of Business Firms and Market Structure, 16. Price and Output Determination under Perfect Competition, 17. Price and Output Determination Under Monopoly, 18. Price and Output Under Monopolistic Competition, 19. Price and Output Determination under Oligopoly, 20. Some Topics in Pricing Theory, Part-VI: Theory of Factor Pricing: 21. The Factor Market: Factor Demand and Supply, 22. Theory of Wage Determination, 23. Rent, Quasi-Rent and Economic Rent, 24. Theories of Interest, 25. Theories of Profit, 26. Product Exhaustion Theorems, Part-VII: General Equilibrium and Welfare Economics: 27. The General Equilibrium, 28. Welfare Economics, Part-VIII: Macroeconomics: 29. Introduction to Macroeconomics, 30. The Circular Flow Model of The Economy, 31. National Income: Concept and Measurement, 32. Theory of National Income Determination, 33. Income Determination with Government and Foreign Trade, 34. Theories of Aggregate Consumption, 35. Keynesian Theory of Interest, 36. Investment Theory and Acceleration Principle, Part-IX: Economic Growth and Business Cycles: 37. Modern Theories of Economic Growth, 38. Business Cycles and Stabilisation, 39. Inflation: Meaning, Measure and Effects, 40. Theories of Inflation and Control Measures, Part-X: International Economy: 41. The Theory of International Trade, 42. The Heckscher-Ohlin Theory of Trade, 43. The Law of Reciprocal Demand and Terms of Trade, 44. Trade Policy: Free Trade Vs. Trade Protection, 45. Trade Barriers: Tariffs and Quota, 46. The Rate of Foreign Exchange, 47. Balance of Payments: Disequilibrium and Adjustment, 48. International Monetary System