Micro-Economic Theory
Part One :
» Basic Concepts » The Nature and Scope of Economics » Some Basic Concepts » Economic Theory and Policy » Methods, Laws and Assumptions of Economics » Economic Models » The Production Possibility Curve and Circular Flow of Economic Activity » Micro and Macro Economics » Economic Statics and Dynamics » Economy—Its Vital Processes Basic Problems » Economic System » Price System, Role of Price Mechanism and Consumer’s Sovereignty » The Concept of Equilibrium
   
Part Two :
» Consumption Theory » The Neo-Classical Utility Analysis » Demand and Law of Demand » The Indifference Curve Theory » The Concept of Consumer’s Surplus » The Revealed Preference Theory of Demand » The Elasticity of Demand
   
Part Three :
» Production Theory » Factors of Production » Characteristics of Land and Labour » Theories of Population » Division of Labour and Machinery » Capital and Capital Formation » Localisation of Industries » Scale of Production » Types of Business Units » Organisation » Laws of Returns » The Traditional Approach » Laws of Returns : The Isoquant—Isocost Approach
   
Part Four :
» Product Pricing » The Nature of Costs and Cost Curves » The Concept of Revenue » Supply : Its Law, Elasticity and Curves » Equilibrium of the Firm and Industry Under Perfect Competition » Pricing Under Perfect Competition » Joint Demand and Supply » Monopoly » Monopsony and Bilateral Monopoly » Monopolistic Competition » Duopoly and Oligopoly » Objectives of Business Firm » Profit Maximisation, Full-Cost Pricing and Sales Maximisation Theory » Pricing of Public Undertakings » Linear Programming
   
Part Five :
» Factor Pricing » National Income : Meaning and Measurement » Theories of Distribution » Distributive Shares : The Product Exhaustion Theorem » Inequality of Income » Rent » Wages » Interest » Profits » Break-Even Analysis
   
Part Six :
» Welfare Economics » Nature of Welfare Economics » Welfare Criteria » Welfare Maximisation » Pareto Optimality and Competitive Equilibrium
   
Part Seven :
» Theory of International Trade » The Principle of Comparative Advantage » The Modern Theory of International Trade » International Trade and Factor Prices » The Grains from Trade » Balance of Payments
   
Part Eight :
» Public Finance » Meaning, Scope and Importance of Public Finance » Taxes » Public Expenditure » Public Debt » Government Budget.