Assam University BA Economics Syllabus 1st sem MICRO ECONOMICS-I 101

FIRST SEMESTER  PASS COURSE (B.AfB.Sc)  Paper- ECOP 101 : MICRO ECONOMICS-I  Full Marks :50  PassMarks:17  UNIT - I Introducti...

FIRST SEMESTER 

PASS COURSE (B.AfB.Sc) 

Paper- ECOP 101 : MICRO ECONOMICS-I 

Full Marks :50 

PassMarks:17 

UNIT - I

Introduction to Microeconomics Analysis

Nature and Scope of micro economics, the basic problem of choice, Positive and negative economics, the notions of equilibrium. (15 hours)

UNIT - II

Demand and Supply

The concept of demand and demand function, market demand function; supply, market cv function, market equilibrium and the impact of changes in demand and supply on market equilibrium, elasticity of demand and supply, some applications. (22 hours)

UNIT - III

Theory of Consumer Behaviour

The concept of cardinal and ordinal utility, the limitations of cardinal utility analysis, difference curve approach, consumer’s equilibrium, the income effect and the substitution Act. derivation of Market demand curve from indifference curve. (23 hours)

UNIT - IV 

The Theory of Production (A)

The concept of production function-production with a single variable input-total, average marginal products, production with two variable inputs. (20 hours)

UNIT - V 

The Theory of Production (B)

The concept of Isoquant, marginal rate of technical substitution — optimal inputs ‘r2tion, elasticity of substitution. (20 hours)

Suggested Readings 

- Text Books
A. Koutsoyiannis: Micro Economic Theory, Macmillan Press, London.
Gopal Tribedi: Introductory Microeconomics, Academic Publishers, Calcutta.
Satya R. Chakravorty: Micro Economics, Allied Publishers.
David M. Kreps : A Course in Micro Economic Theory, Princeton University Press.
i. M. Henderson and R. E. Quandt: Micro Economic Theory A Mathematical
Approach, McGraw Hill, New Delhi.
References
Hall R. Varian Intermediate Micro Economics — A Modern Appraoch, Norton Publisher.