Enriching contents of the book in the Second Edition, the author proffers a thoroughly revised and updated text with main focus on Game Theory, Linear Programming and Output–Input Analysis. Besides he gives due weightage to the topics on International Trade, Decision Theory, Pricing Policies in Practice and Basics of Econometrics for Estimation of Economic Functions—by introducing them as independent chapters in the present edition. The concepts have been introduced keeping decision-makers in mind, who may be associated with the corporate world or pursuing management courses offered by various institutes in India and abroad. The mathematical treatment of the topics, which is one of the distinguishing features of the book, is facilitated in a student-friendly approach.
Primarily intended for the undergraduate and postgraduate students of commerce, economics and management, the book is a comprehensive text in accordance with the syllabi of B.Com, B.Sc (Economic Hons.), M.Com, M.A. (Economics) and Master of Business Economics (MBE) courses. Besides academic pursuits, the book will also be useful for the aspirants of competitive examinations such as Indian Administrative Services (IAS), Provincial Civil Services (PCS), and Indian Economic Services (IES).
This book Useful for Management & Commerce students.
1. Introduction to Economics
2. Forces of Demand and Supply in Action: The Price Mechanism
3. Elasticity of Demand and Supply
4. Approaches to Demand Analysis and Consumer Behaviour
5. Production and Producer’s Equilibrium
6. Costs and Revenue
7. Market Forms
8. Price Output Decisions under Perfect Competition
9. Price Output Decisions of a Monopoly
10. Price Output Decisions of Monopolistically Competitive Firms
11. Classical Oligopoly
12. Game Theory
13. Sales Maximization
14. Determination of Factor Prices
15. Investment Decisions and Capital Asset Pricing
16. General Equilibrium and Economic Efficiency
17. Markets with Asymmetric Information
18. Externalities and Public Goods
19. Linear Programming
20. Input–Output Analysis
21. International Trade, Factor Mobility and Comparative Advantage
22. Decision Theory
23. Estimation of Functions In Economics: Basics of Econometrics
24. Pricing in Practice
