MODERN MICROECONOMICS: THEORY AND APPLICATIONS

PART I: SCOPE AND METHODOLOGY OF ECONOMICS

The Economic Problem: Scarcity and Choice

Production Possibility Curve, Choice, and Opportunity Cost

The Scope of Economics

Appendix to Chapter 3: The Use of Mathematical Concepts, Graphs, and other Techniques

Methodology of Economics

Economic Statics and Dynamics

Market Economy and the Role of Price Mechanism

PART II: THE THEORY OF DEMAND

Demand and Law of Demand

Demand: Marshall's Cardinal Utility Analysis

Indifference Curve Analysis of Demand

Appendix A to Chapter 9: Indifference Curves of Goods and Bads

Appendix B to Chapter 9: Slutsky Substitution Effect

Marshall's Cardinal Utility Analysis vs. Indifference Curve Analysis

Applications and Uses of Indifference Curves

Revealed Preference Theory of Demand

Elasticity of Demand

Appendix to Chapter 13: Applications of Elasticity of Demand

Consumer Surplus

PART III: THE THEORY OF PRODUCTION AND COST

Factors of Production

The Theory of Production: Returns to a Factor

Production Function with Two Variable Factors

Optimum Factor Combination

Cost of Production and Cost Curves

Supply and its Elasticity

PART IV: THE THEORY OF FIRM AND PRICING IN VARIOUS MARKET STRUCTURES

Main Market Forms and Concepts of Revenue

Appendix to Chapter 21: Mathematical Treatment of AR and MR Curves

Objectives of the Firm and its Equilibrium- A General Analysis

Equilibrium of the Firm and Industry under Perfect Competition

Appendix to Chapter 23: Firms Equilibrium under Perfect Competition under Differential Cost Conditions

Price Determination under Perfect Competition

Stability of Equilibrium and Cobweb Model

Applications of Demand and Supply Analysis

Price and Output under Monopoly

Price Discrimination

Appendix to Chapter 27: Peak-Load pricing and two-Part Tariff Pricing

Price and Output under Monopolistic Competition

Price and Output under Oligopoly

Appendix to Chapter 29: Cournot's and Chamberlain's Models of Oligopoly

Sales Maximization Model of Oligopoly

Theory of games and Competitive Strategy

PART V: THE THEORY OF DISTRIBUTION

The Theory of Distribution: A General View

Wage Determination in Competitive and Imperfectly Competitive Markets

Appendix to Chapter 33: An Application of the Theory of Wages

The Theory of Rent

Alternative Theories of Interest

The Theory of Profits

PART VI: GENERAL EQUILIBRIUM ANALYSIS AND WELFARE ECONOMICS

General Equilibrium Analysis

Welfare Economics: An Introduction

Economic Efficiency and Pareto Optimality

Market Failures, Externalities and Public oods

New Welfares Economics: Compensation Principle

Social Welfare Function

PART VII: ASYMMETRIC INFORMATION, INTERTEMPORAL ANALYSIS AND CHOICE UNDER UNCERTAINTY

Markets with Asymmetric Information

Intertemporal Choice and Borrowing-Borrowing-Lending Equilibrium

Investment Decision Analysis

Appendix to Chapter 45: Present Value of a Future Rupee

Choice under Risk and Uncertainty