This book breaks away from the standard microeconomics text for management students, in numerous ways. Some of its relevant and useful features are as below: - For the benefit of students, definition, taxonomy and trivial memorization have been consciously de-emphasized - Graphical and logical derivations are supplemented by economic intuition, though the rigour of algebraic treatment is retained - Strong emphasis on concepts, their explanation, understanding and explanation - Numerous hypothetical and real-life examples - a majority pertaining to India - Two completely new chapters, missing from other textbooks in India, viz., Demand for Assets and Game Theory and Economic Applications - To test the understanding of the material, each chapter ends with a lot of questions emphasising on the applications of the concepts and definitions.
Applications of Consumer Theory
Demand Estimation and Forecasting
Demand for Assets
Types of Firms, Their Goals and Production
Cost of Production and Financing of a Firm
Profit Maximisation, Perfect Competition and the Supply Curve
Demand, Supply and Equilibrium
Optimality of a Competitive Market Structure, Market Failure and Corrective Measures
Game Theory and Economic Applications
Monopolistic Competition and Oligopoly
Satya P Das is a Professor of Economics at the Statistical Institute, New Delhi. Previously, he was a Professor of Economics at Indiana University and University of Wisconsin-Milwaukee, USA, and has held visiting positions at various universities in different countries. He has authored the Class XII NCERT Textbook Introductory Microeconomics (2003) and the monograph New Perspectives on Business Cycles: An Analysis of Inequality and Heterogeneity (1993), and is a regular contributor to journals in economics. His current research interests include Economic Modelling of Terrorism, Impact of International Trade on Product Quality as well as various issues relating to Growth, Development and Distribution. He is the founding editor of Indian Growth and Development Review.