Unit-I MICRO, MACRO AND MONETARY ECONOMICS
Micro Economics-Theory of consumer behaviour–Cardinal and Ordinal approaches-Revealed preference Hypothesis-Hick’s Revision of Demand Theory-Modern Utility, Analysis of Choice involving risks and uncertainties.
Production function-Linear, Homogeneous, Cobb-Dougles and C.E.S. Production functions-Short Run and Long Run cost curves Derivation of cost functions from productions functions-Least cost combination of factor inputs. Continue reading