Syllabus
Perfect Competition
Concept of Perfect Competition
Characteristics of Perfect Competition
Price Determination under Perfect Competition
Concept of Monopoly
Features of Monopoly
Price Determination under Monopoly
Monopolistic Competition
Concept of Monopolistic Competition
Characteristics of Monopolistic Competition
Price Determination under Monopolistic Competition
Concept of Oligopoly
Features of Oligopoly
Price Determination under Oligopoly
David Ricardo – Ricardian Theory of Rent
Concept and Types of Wages
John Maynard Keynes – Liquidity Preference Theory of Interest
Joseph Schumpeter – Innovation Theory of Profit
Concept and Definitions of Welfare Economics
Arthur Cecil Pigou – Thoughts on Economic Welfare
Amartya Sen – Thoughts on Economic Welfare
Concept and Role of Corporate Social Responsibility (CSR)
1. Explain the basic economic problems and the role of the price mechanism.
2. Analyze demand and supply behavior and their interaction in determining equilibrium priceand quantity.
3. Apply the concepts of consumer theory and utility maximization.
4. Evaluate production theory, cost analysis, and profit maximization for firms.
400203 BCOM Semester 2 Micro Economics 2 (NEP)
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