Economics for Professional Careers 2 – For MU FY BCom Semester 2 | Amol Kadam, Jyotika Motwani | Nirali Prakashan

1. Cost, Revenue and Production                            1.1 – 1.68

1.1   Introduction, 1.2   Determinants of Cost, 1.3   Concepts of Cost, 1.4   Behaviour of Cost Curves in the Short Run, 1.5   Behaviour of Cost Curves in the Long Run, 1.6   Revenue Concepts – AR, TR and MR, 1.7   Production and Production Function, 1.8 Concept of Product – TP, AP and MP – Short Run and Long Run, 1.9 Law of Variable Proportions, 1.10 Laws of Return to Scale, 1.11 Concept of Iso-quants and Iso-cost Line, 1.12 Producer’s Equilibrium

2. Market Structure and Price Determination       2.1 – 2.62

2.1   Introduction

2.2   Pure or Perfect Competition

2.3   Price and Output Determination Under Perfect Competition

2.4   Short Run Equilibrium of a Firm Under Perfect Competition

2.5   Long Run Equilibrium of a Firm Under Perfect Competition

2.6   Long Run Equilibrium of the Industry Under Perfect Competition

2.7   Imperfect Competition

2.8   Monopoly

2.9   Price and Output Determination Under Monopoly

2.10   Short Run Equilibrium of a Monopoly Firm

2.11   Long Run Equilibrium of a Monopoly Firm

2.12   Discriminating Monopoly or Price Discrimination

2.13   Equilibrium of a Discriminating Monopolist

2.14   Monopolistic Competition

2.15   Short Run Equilibrium of a Firm Under Monopolistic Competition

2.16   Long Run Equilibrium of a Firm Under Monopolistic Competition

2.17   Non-Price Competition

2.18   Oligopoly

2.19   Price Determination under Oligopoly

2.20   Duopoly

2.21   Game Theory