BECC-101 INTRODUCTORYMICROECONOMICS

Topics Covered
BLOCK-1 INTRODUCTION
Unit-1   Introduction to Economics and Economy
Unit-2   Demand and Supply Analysis
Unit-3   Demand and Supply in Practice

BLOCK-2 THEORY OF CONSUMER BEHAVIOUR
UNIT-4  CONSUMER BEHAVIOUR: CARDINAL APPROACH
UNIT-5  CONSUMER BEHAVIOUR: ORDINAL APPROACH

BLOCK-3 PRODUCTION AND COSTS
UNIT-6  PRODUCTION WITH ONE VARIABLE INPUT
UNIT-7  PRODUCTION WITH TWO VARIABLE INPUTS
UNIT-8  THE COST OF PRODUCTION

BLOCK-4 Market STRUCTURE
UNIT-9   PERFECT COMPETITION: FIRM AND INDUSTRY EQUILIBRIUM
UNIT-10  MONOPOLY: PRICE AND OUTPUT DECISIONS
UNIT-11  MONOPOLISTIC COMPETITION: PRICE AND OUTPUT DECISIONS
UNIT-12  OLIGOPOLY: PRICE AND OUTPUT DECISIONS

BLOCK-5 FACTOR MARKET
UNIT-13  FACTOR MARKET AND PRICING DECISIONS
UNIT-14  LABOUR MARKET
UNIT-15  LAND MARKET

BLOCK-6 WELFARE, MARKET FAILURE AND THE ROLE OF GOVERNMENT
UNIT-16  WELFARE: ALLOCATIVE EFFICIENCY UNDER PERFECT COMPETITION
UNIT-17  EFFICIENCY OF THE MARKET MECHANISM: MARKET FAILURE AND ROLE OF THE STATE

CONTENT
CHAPTER-1  INTRODUCTION
CHAPTER-2  THEORY OF CONSUMER BEHAVIOUR
CHAPTER-3  PRODUCTION AND COSTS
CHAPTER-4  MARKET STRUCTURE
CHAPTER-5  FACTOR MARKET
CHAPTER-6  WELFARE, MARKET FAILURE AND THE ROLE OF GOVERNMENT

QUESTION  PAPERS
(1) SAMPLE QUESTION PAPER-I (SOLVED)
(2) SAMPLE QUESTION PAPER-II (SOLVED)
(3) GUESS PAPER-I
(4) GUESS PAPER-II

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