Syllabus
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Course Code: CC-3 IN-ECX-201 Course Name: Micro Economics-II |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | (i-a) Theory of Factor Pricing-Marginal Productivity theory, Modern theory (i-b) Rent: classical, Modern theory of rent, Quasi rent; wage, profit & interest |
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| 2 | (ii-a) Forms of Imperfect competition: Oligopoly-Cournot’s duopoly Model, Bertrand’s model, Reaction curves, Kinked Demand Model (ii-b) Cartels & Mergers; |
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| 3 | (iii-a) Factor pricing in perfectly competitive market: Demand and Supply of labor in competitive market and imperfect competition: Bilateral monopoly. (iii-b) Cobweb model; |
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| 4 | (iv-a) General Equilibrium Theory: The Walrasian System, Existence, Uniqueness and Stability of an equilibrium, Graphical analysis of general equilibrium theory (iv-b) Pareto Improvement & Optimality Criterion (Efficiency of household, producer and product mix). |
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