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Consumers Behaviour and Demand: Marshallian Approach: Equi-marginal utility, law of demand- determinants of demand, Elasticity of demand and its measurement: Price-income and cross and promotional elasticity of demand, consumer’s surplus Hicksian Approach: Indifference curves- properties of IC, consumer’s equilibrium, Price effect, income effect and substitution effect. Derivation of demand from price consumption curve(PCC) Giffen Paradox Samuelson Approach Revealed Preference Theory

Production and Cost Analysis Concept of production function: short and long run- Cobb-Douglass production function. Iso-quants- Iso-cost line- Producer’s equilibrium. Law of variable proportion and laws of returns to scale- Economies of scale- Economics of scope Concepts of costs: Money and real costs, opportunity cost, social cost, private cost, Derivation of short and long run cost curves- learning curve.

Theory of firm Concepts of revenue, Total, Average, Marginal- Relationship between AR, TR, MR under perfect and imperfect competition – AR, MR, and elasticity. Objectives of a firm- Analysis of equilibrium of a firm. TR-TC Approach, MR-MC Approach, Break even Analysis

Market Structure Perfect competition : Features, Short run equilibrium of the firm and industry and long run equilibrium of the firm and industry Monopoly: Features- Short run equilibrium of the monopolist under different cost conditions and long run equilibrium of the monopolist- Discriminating monopoly-Equilibrium under discriminating monopoly- Dumping Monopolistic competition; Features, Equilibrium in the short and long run- wastages under Monopolistic Competition – oligopoly Features.

Pricing Methods and capital budgeting: Pricing methods: Marginal cost pricing- full cost – Multi Product pricing limit pricing Bain’s model Meaning and importance of capital budgeting methods of capital Budgeting Payback Period – Net Present Value

Introduction to Economic Theory
Introduction to Economics and Microeconomic Theory

Concepts of Equilibrium

Basic Tools of Economic Analysis

Demand Analysis and Elasticity of Demand
Introduction to Demand Theory

Elasticity of Demand

Income Elasticity Of Demand

Cross Elasticity Of Demand

Promotional Elasticity of Demand

Indifferance Curve Analysis
Indifference Curve Analysis

Consumer's Equilibrium under Indifference Curve Analysis

Price Effect under Indifferance curve Analysis

Income Effect under Indifferance Curve Analysis

Substitution Effect Under Indifferance Curve Analysis

Break Up of Price Effect into Income and Substitution Effect - Tool Indifferance Curve Analysis

Derivation of Demand Curve Using Indifferance Curve Analysis

Understanding Giffen's Paradox Using Indifferance Curve Analysis

Limitations of Indifference Curve Analysis

Revealed Preference Theory
Revealed Preference Theory

Introduction to Production Theory
Production Function

Law of Variable Proportions

Iso-Quant &amp; Iso-Cost Line

Returns to Scale

Introduction to Cost Theory
Introduction to Cost Concepts

Short run cost theory

Economies of Scale &amp; Economies of Scope

Learning Curve Effect

Introduction to Revenue Analysis
Revenue Concepts

Revenue under Perfect and Imperfect Competition

AR, MR and Elasticity of Demand

Equilibrium of a Firm

Break-Even Analysis

Introduction to Market Theory
Perfect competition

Monopoly

Monopoly &amp; Price Discrimination

Monopolistic Competition

Oligopoly

Pricing
Pricing Methods

Capital Budgeting
The way children are creating temporary castle in sand, my all trial & error attempts are on this page. MU-OER_Project_Economics-_Index
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Pre-requisite skills
WikiApprentice levels 1 and 2

Reverting an edit
The procedure is explained so beautifully. reverting an edit Tried it on this page. Able to revert an edit.

Use of the WikiEducator mailing list
Joined WE Google groups

Leaving a message for a WikiEducator user in WikiEducator
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 * Mumbai University

User:Neeti m

MU-OER_Project_Start

Ravi  MU-OER_Project_Start Indifference Curve Analysis RN AG 

== Areas of Special Interest ==

User:Deshmukhms

User:Rekham User:Kavita Laghate 
 * 1) Economics,
 * 2) Management,
 * 3) Women Studies,
 * 4) Educational Reforms.