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MICRO-ECONOMIC FUNDAMENTALS
Dr. Ravindra Gharpure and Prof. Samiha Mirza Mohd. Baig.
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Rashtrasant Tukadoji Maharaj Nagpur University, RTMNU, BBA Second 2nd YearSyllabusUnit I: Introduction to Micro Economics – Meaning, Definition, Importance of Micro Economics, Factors affecting Micro Economics. Difference between Micro-Economics & Macro Economics. Unit-II Demand and Supply Analysis – Concept of Demand, Law of Demand-Meaning, Definition, Assumptions & Exceptions. Elasticity of Demand – Meaning, Types and Factors affecting Elasticity of Demand; The Indifference Curve Theory; Supply- Concept of Supply, Elasticity of Supply, Types and Factors affecting Elasticity of Supply. Unit III: Production & Cost Analysis – Production & Production Function: Concept, Forms of Production function, Law of Variable Proportions, Returns to scale. Cost Concepts, Short term and Long term cost output relationship, The Isocost and Isoquant Approach, Economic Region and Economies & Diseconomies of scale. Unit IV: Market Structures – Characteristics and price determination in various market structures – Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly. Pricing: Meaning, Types of Pricing. Micro-Economic Fundamentals Unit 1Chapter 1: Introduction to Micro Economics Unit 2Chapter 2: Demand AnalysisChapter 3: Supply Analysis Unit 3Chapter 4: Production AnalysisChapter 5: Cost Analysis Unit 4Chapter 6: Market StructuresChapter 7: Pricing Model Papers.
RTMNU2017/BBA/2/10
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