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Consumers Behaviour and Demand: Marshallian Approach: Equi-marginal utility, law of demand- determinants of demand, Elasticity of demand and its measurement: Price-income and cross and promotional elasticity of demand, consumer’s surplus Hicksian Approach: Indifference curves- properties of IC, consumer’s equilibrium, Price effect, income effect and substitution effect. Derivation of demand from price consumption curve(PCC) Giffen Paradox Samuelson Approach Revealed Preference Theory

Production and Cost Analysis Concept of production function: short and long run- Cobb-Douglass production function. Iso-quants- Iso-cost line- Producer’s equilibrium. Law of variable proportion and laws of returns to scale- Economies of scale- Economics of scope Concepts of costs: Money and real costs, opportunity cost, social cost, private cost, Derivation of short and long run cost curves- learning curve.


Theory of firm Concepts of revenue, Total, Average, Marginal- Relationship between AR, TR, MR under perfect and imperfect competition – AR, MR, and elasticity. Objectives of a firm- Analysis of equilibrium of a firm. TR-TC Approach, MR-MC Approach , Break even Analysis

Market Structure Perfect competition : Features, Short run equilibrium of the firm and industry and long run equilibrium of the firm and industry Monopoly: Features- Short run equilibrium of the monopolist under different cost conditions and long run equilibrium of the monopolist- Discriminating monopoly-Equilibrium under discriminating monopoly- Dumping Monopolistic competition; Features, Equilibrium in the short and long run- wastages under Monopolistic Competition – oligopoly Features.

Pricing Methods and capital budgeting: Pricing methods: Marginal cost pricing- full cost – Multi Product pricing limit pricing Bain’s model Meaning and importance of capital budgeting methods of capital Budgeting Payback Period – Net Present Value





Introduction to Economic Theory


Introduction to Economics and Microeconomic Theory


Concepts of Equilibrium


Basic Tools of Economic Analysis

Demand Analysis and Elasticity of Demand


Introduction to Demand Theory

Elasticity of Demand

Income Elasticity Of Demand

Cross Elasticity Of Demand

Promotional Elasticity of Demand


Indifferance Curve Analysis


Indifference Curve Analysis

Consumer's Equilibrium under Indifference Curve Analysis

Price Effect under Indifferance curve Analysis


Income Effect under Indifferance Curve Analysis


Substitution Effect Under Indifferance Curve Analysis

Break Up of Price Effect into Income and Substitution Effect - Tool Indifferance Curve Analysis

Derivation of Demand Curve Using Indifferance Curve Analysis

Understanding Giffen's Paradox Using Indifferance Curve Analysis


Limitations of Indifference Curve Analysis


Revealed Preference Theory


Revealed Preference Theory


Introduction to Production Theory


Production Function

Law of Variable Proportions

Iso-Quant & Iso-Cost Line

Returns to Scale


Introduction to Cost Theory


Introduction to Cost Concepts

Short run cost theory

Economies of Scale & Economies of Scope

Learning Curve Effect


Introduction to Revenue Analysis


Revenue Concepts

Revenue under Perfect and Imperfect Competition

AR, MR and Elasticity of Demand

Equilibrium of a Firm

Break-Even Analysis


Introduction to Market Theory


Perfect competition

Monopoly

Monopoly & Price Discrimination

Monopolistic Competition

Oligopoly

Pricing



Pricing Methods


Capital Budgeting








No. Resource Person Topics Topic Page


1 Smita Shukla Meaning, nature, scope, significance and limitations of micro economics

Ceteris Paribus – use and significance

Concepts of costs: Money and real cost, Opportunity cost, Social cost, Private cost

Short Run Cost curves

Learning curve

Introduction to Cost Concepts

Learning Curve Effect

Short run cost theory

Introduction to Economics and Microeconomic Theory

2 Rajan Nandola Concept and types of equilibrium: stable, unstable, static and dynamic equilibrium – partial equilibrium and general equilibrium Returns to Scale

Concepts of Equilibrium

3 K Venkateshwarlu Positive Economics and Normative Economics, Managerial Economics

Basic concepts – wealth, welfare and scarcity

Economies of scale – Economies of scope

Economies of Scale & Economies of Scope
4 Varsha Malwade Analysis of Equilibrium of a firm: TC-TR Approach - MC-MR Approach

Break-Even Analysis

Equilibrium of a Firm

Break-Even Analysis

5 Sanghmitra Mishra IC analysis Consumer’s Equilibrium

Monopoly: Features, Causes, types

Short-run Equilibrium of the Monopolist

Consumer's Equilibrium under Indifference Curve Analysis

Monopoly

6 Rekha Mahadeshwar Price effect, Income effect and substitution effect

Derivation of demand from Price Consumption Curve

Price Effect

Income Effect

Substitution Effect

Break Up of Price Effect into Income & Substitution Effect

Derivation of Demand Curve

7 Sujata Dhopte Hicksian Approach: Indifference curves – properties of Indifference Curve, Giffen’s Paradox Indifference Curve Analysis

Limitations to Indifference Curve Analysis

Giffen's Paradox

Revealed Preference Theory


8 Sadhana Phadnis Isoquants - iso-cost line - producer’s equilibrium

Perfect Competition: Features - Short-run Equilibrium of the Firm and Industry - Long Run Equilibrium of the Firm and Industry

Iso-Quant & Iso-Cost Line

Perfect competition

9 S M Sawant Marshallian Approach: Equi-marginal utility

Law of demand- Determinants of demand

Consumer’s Surplus

Factor pricing

Consumer's Equilibrium under Marshallian Analysis
10 Jayasree V Law of variable proportions

Monopolistic Competition: Features, Equilibrium in the Short-run and Long-run – Wastages under Monopolistic Competition

Law of Variable Proportions

Monopolistic Competition

11 Asha Gala Uses and Importance of Elasticity

Promotional elasticity of demand

Promotional Elasticity of Demand
12 Kavita Laghate Demand Forecasting Regression Analysis
13 Meenakshi N Elasticity of demand and its measurement

Income- Cross elasticity of demand

Price elasticity

Elasticity of Demand

Income Elasticity Of Demand

Cross Elasticity Of Demand

14 Aggie Menezes Meaning and importance of Capital Budgeting: Methods of Capital Budgeting: Pay Back Period [PBP]- Net Present Value [NPV]


15 Dr. K.N.Ghorude Discrimination Monopoly: Equilibrium under Discriminating Monopoly - Dumping

Concepts of revenue: Total Revenue, Average Revenue and Marginal Revenue – Relationship between TR, AR and MR under perfect and imperfect competition - AR, MR and elasticity

Monopoly & Price Discrimination

Revenue_Concepts

16 Rajalakshamy Oligopoly: Features of Oligopoly

Pricing Methods: Marginal Cost Pricing - Full Cost Pricing - Multi product pricing- Transfer Pricing

Oligopoly

Pricing Methods

17 Rohini Kelkar Long-run Equilibrium of the Monopolist under Different Cost Conditions

Concept of production function: short run and long run - Cobb-Douglass production function

Production Function

Monopoly under differential cost conditions

Revenue Concepts

Revenue under Perfect and Imperfect Competition

AR, MR and Elasticity of Demand

Limit Pricing


18 M Deshmukh& S M Patil Law of returns to scale

Limit Pricing: Bain’s Model

Law of Returns to Scale
19 Rajani Mathur ????????????? Objectives of the Firm
20 Asavari Bapat ?????????????? Limitations of Indifference Curve Analysis

Revealed Preference Hypothesis


21 Dr. Madhukar Gitte Basic tools of economic analysis (equations and functions, graphs and diagrams, slope and intercepts)

Derivation of long run cost curves

Basic Tools of Economic Analysis
22











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Objective
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The way children are creating temporary castle in sand, my all trial & error attempts are on this page.

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{{Aims|
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I want to be a wikibuddy

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Objective
*Pre-requisite skills: - WikiApprentice Levels 1 & 2
  • Use of communication tools and educational layout features, including:

Using recent changes and history information
Reverting an edit
Use of the WikiEducator mailing list
Leaving a message for a WikiEducator user in WikiEducator
Providing feedback or comments on a WikiEducator content page
Inserting a pedagogical template


Pre-requisite skills

WikiApprentice levels 1 and 2

Using recent changes and history information

Reverting an edit

The procedure is explained so beautifully. reverting an edit Tried it on this page. Able to revert an edit.

Use of the WikiEducator mailing list

Joined WE Google groups

Leaving a message for a WikiEducator user in WikiEducator


Road Works.svg Work in progress, expect frequent changes. Help and feedback is welcome. See discussion page. Road Works.svg

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India Mumbai University Properties Production Cobb-Douglus Model Economics content

| Mumbai University

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MU-OER_Project_Start

Ravi <kaltura-widget kalturaid='0_bnbz9fe2' size='L' align='C'/> MU-OER_Project_Start Indifference Curve Analysis RN AG <kaltura-widget kalturaid='0_j6808atw' size='M' align='R'/>

Interest.jpgAreas of Special Interest

User:Deshmukhms

User:Rekham User:Kavita Laghate

  1. Economics,[1]
  2. Management,
  3. Women Studies,
  4. Educational Reforms.



References

  1. economics pg 6




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Multichoice Questions

 

1. A table can also be known as?

(a) An attribute.
Incorrect, click here to review the topic.
(b) A data type.
Incorrect, click here to review the topic.
(c) An entity.
Absolutely Correct!
(d) None of the above.
Incorrect, click here to review the topic.

2. What symbol is used for the attribute in an entity relationship diagram?

(a) Circle.
Incorrect, click here to review the topic.
(b) Oval.
Absolutely correct!
(c) Diamond.
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(d) Rectangle.
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(Comment.gif: Hi, perhaps you want to read this help link: Help:Latex_Symbol_Tables)

[math]\alpha[/math]

[math]\beta[/math] [math]\gamma[/math],[math]\pi[/math],

[math]\Lambda[/math]

[math]\Pi[/math], [math]\lambda[/math], [math]\Lambda[/math]

Square root

[math]\sqrt{x^2+y^3}[/math]

[math]\sqrt[n]{x_1^2+y_1^2}[/math]

Fractions

[math]\frac{x^3+z^5}{\sqrt{\omega}} [/math]

[math]\frac{W_m}{W_f}[/math]


[math]\frac{\alpha+\epsilon}{\lambda}[/math]

[math]\frac{\alpha+\epsilon}{\lambda}[/math]

integrals

[math]\int{x^2}dx[/math]

[math]\int_0^4{x^3dx}[/math]

[math]\iint{xydxdy}[/math]

[math]\int_0^\infty\int_0^1xydxdy[/math]

[math]\{abc\}[/math]

differentials

[math]\frac{dy}{dx}[/math]

[math]A\neq{B}[/math]

[math]A\neq B[/math]

[math]A \subset B[/math]

[math]A \rightarrow B[/math], [math]A \uparrow B[/math],[math]A \Leftarrow B[/math]

[math]\bigg \{\frac{W_m}{W_f}\bigg\}^*[/math]

[math]\mathbf{A}\cdot\mathbf{B}[/math], [math]\mathbf{A}\times\mathbf{B}[/math]

calligraphic letters

[math]\mathcal{ANDCOLLEGE}[/math]

[math]\mathcal{A~N~D~COLLEGE}[/math]

[math]\frac{\partial y}{\partial x}[/math]

Matrices

[math]\begin{matrix}0 & 1 & 2\\3 & 4 & 5\end{matrix}[/math]

[math]\begin{pmatrix}0 & 1 & 2\\3 & 4 & 5\end{pmatrix}[/math]

[math]\begin{bmatrix}0 & 1 & 2\\3 & 4 & 5\end{bmatrix}[/math]

[math]\begin{vmatrix}0 & 1 & 2\\3 & 4 & 5\end{vmatrix}[/math]

[math]\begin{Vmatrix}0 & 1 & 2\\3 & 4 & 5\end{Vmatrix}[/math]

[math]\triangle x\triangle p\geq \hbar[/math]

Maths mode accent

[math]\hat{A}[/math], [math]\vec{A}[/math], [math]\bar{A}[/math], [math]\tilde{A}[/math]

[math]\pm2^0C\longleftrightarrow[/math]

[math]Fe^{3+}[/math]

stackrel

[math]A\stackrel{heat}{\longrightarrow}B[/math]

[math]\bar{h}[/math]

[math]\hbar[/math]


[math]\triangle{x}\triangle{p}\geq\hbar[/math]

[math]\nabla^2{x}[/math]