CONTENTS PART - I SCOPE AND METHODOLOGY OF ECONOMICS The Nature and Scope of Economic Theory | Micro and Macro-Economics | The Methodology of Economics | Methodology of Economics : Economic Statics and Dynamics | Basic Mathematical Concepts and Optimisation Techniques PART - II DEMAND ANALYSIS AND THEORY OF CONSUMER’S CHOICE Demand and Demand Function | Consumer’s Behaviour : Cardinal Utility Analysis | Indifference Curve Analysis of Demand | Demand for Complementary and Substitute Goods | Marshallian Cardinal Utility Analysis vs. Indifference Curve Analysis | Applications and Uses of Indifference Curves | Revealed Preference Theory of Demand | Hicks’ Logical Ordering Theory of Demand | Elasticity of Demand | Consumer Surplus | Attribute Approach to Consumer’s Behaviour : Attribute Theory of Demand | Individual Choice Under Risk and Uncertainty PART - III THEORY OF PRODUCTION AND COST ANLYSIS The Theory of Production : Returns to a Variable Factor | Production Function with Two Variable Inputs | Optimum Factor Combination | Cost Analysis | Linear Programming | Supply and its Elasticity PART - IV Market Structures and Concepts of Revenue for a Firm | Price and Output Determination in Various Market Structures | The Firm : A General Analysis of its Nature, Objectives and Equilibrium | Pricing in Competitive Markets: Demand-Supply Analysis | Applications of Demand and Supply Analysis | Equilibrium of the Firm and Industry Under Perfect Competition | Comparative Static Analysis and Long-Run Supply Curve of the Competitive Industry | Existence and Stability of Equilibrium under Perfect Competition | Kaldor and Sraffa on Incompatibility of Equilibrium with Perfect Competition | Price and Output under Determination Monopoly | Price Discrimination | Measurement of the Degree of Monopoly Power etc.. PART - V THE THEORY OF DISTRIBUTION (PRICING OF FACTORS) Theory of Distribution : A General View | Neo-Classical Macro-Theory of Relative Distributive Shares | Pricing of Factors in Competitive Markets | Pricing of Factors in Imperfectly Competitive Markets | Introduction Unions, Collective Bargaining and Wages | Theory of Rent | Theories of Interest | The Theory of Profits | Alternative Macro-Theories of Distribution PART - VI GENERAL EQUILIBRIUM ANALYSIS AND WELFARE ECONOMICS | General Equilibrium Analysis | Welfare Economics: An Introduction | Conditions of Pareto Optimality | New Welfare Economics : Compensation Principle.... PART - VII INTERTEMPORAL CHOICE AND MARKETS WITH ASYMMETRIC INFORMATION Interest, Saving and Investment : Intertemporal Choices | Information Problem and Markets with Asymmetric Information The Nature and Scope of Economic Theory | Micro and Macro-Economics | The Methodology of Economics | Methodology of Economics : Economic Statics and Dynamics | Basic Mathematical Concepts and Optimisation Techniques PART - II DEMAND ANALYSIS AND THEORY OF CONSUMER’S CHOICE Demand and Demand Function | Consumer’s Behaviour : Cardinal Utility Analysis | Indifference Curve Analysis of Demand | Demand for Complementary and Substitute Goods | Marshallian Cardinal Utility Analysis vs. Indifference Curve Analysis | Applications and Uses of Indifference Curves | Revealed Preference Theory of Demand | Hicks’ Logical Ordering Theory of Demand | Elasticity of Demand | Consumer Surplus | Attribute Approach to Consumer’s Behaviour : Attribute Theory of Demand | Individual Choice Under Risk and Uncertainty PART - III THEORY OF PRODUCTION AND COST ANLYSIS The Theory of Production : Returns to a Variable Factor | Production Function with Two Variable Inputs | Optimum Factor Combination | Cost Analysis | Linear Programming | Supply and its Elasticity PART - IV Market Structures and Concepts of Revenue for a Firm | Price and Output Determination in Various Market Structures | The Firm : A General Analysis of its Nature, Objectives and Equilibrium | Pricing in Competitive Markets: Demand-Supply Analysis | Applications of Demand and Supply Analysis | Equilibrium of the Firm and Industry Under Perfect Competition | Comparative Static Analysis and Long-Run Supply Curve of the Competitive Industry | Existence and Stability of Equilibrium under Perfect Competition | Kaldor and Sraffa on Incompatibility of Equilibrium with Perfect Competition | Price and Output under Determination Monopoly | Price Discrimination | Measurement of the Degree of Monopoly Power etc.. PART - V THE THEORY OF DISTRIBUTION (PRICING OF FACTORS) Theory of Distribution : A General View | Neo-Classical Macro-Theory of Relative Distributive Shares | Pricing of Factors in Competitive Markets | Pricing of Factors in Imperfectly Competitive Markets | Introduction Unions, Collective Bargaining and Wages | Theory of Rent | Theories of Interest | The Theory of Profits | Alternative Macro-Theories of Distribution PART - VI GENERAL EQUILIBRIUM ANALYSIS AND WELFARE ECONOMICS | General Equilibrium Analysis | Welfare Economics: An Introduction | Conditions of Pareto Optimality | New Welfare Economics : Compensation Principle.... PART - VII INTERTEMPORAL CHOICE AND MARKETS WITH ASYMMETRIC INFORMATION Interest, Saving and Investment : Intertemporal Choices | Information Problem and Markets with Asymmetric Information