Description

MEC – 001 Microeconomic Analysis

MEC-001 Microeconomic Analysis CONTENTS COVERED Block- 1 Consumer Behaviour Unit-1 Theory of Consumer Behaviour: Basic Themes Unit-2 Theory of Demand : An Alternative Approaches Unit-3 Recent Developments of Demand Theory Block- 2 Producer Behaviour Unit-4 Theory of Production Unit-5 Theory of Cost Unit-6 Production Economics Block- 3 Price and Output Determination – I Unit-7 Perfect Competition Unit-8 Monopoly Unit-9 Monopolistic Competition Block- 4 Price and Output Determination-II Unit-10 Non-Collusive Oligopoly Unit-11 Collusive Oligopoly Unit-12 Alternative Theory of Firm-I Unit-13 Alternative Theory of Firm-II Block- 5 Welfare Economics Unit-14 Pigovian vs. Paretain Approach Unit-15 Social Welfare Function Unit-16 Imperfect Market, Externality and Public Goods Unit-17 Social Choice and Welfare Block- 6 General Equilibrium Unit-18 Partial and General Equilibrium Approaches: Pure Exchange Model Unit-19 Production without Consumption Block- 7 Economics of Uncertainty Unit-20 Choice in Uncertain Situations Unit-21 Insurance Choice and Risk Unit-22 Economics of Information Block- 8 Non-Cooperative Game Theory Unit-23 Modeling Competitive Situations Unit-24 Solution Concepts of Non-Cooperative Games Unit-25 Repeated Games Unit-26 Games of Incomplete Information