b a economics semester iii core 03 microeconomics i course outline unit i introduction and subject matter nature and scope of economics micro economics and macroeconomics positive economics and normative ...
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...B a economics semester iii core microeconomics i course outline unit introduction and subject matter nature scope of micro macroeconomics positive normative concept equilibrium partial general methodology in concepts static comparative dynamics choice as an economic problem basic postulates ii consumer behaviour cardinal utility ordinal approach law diminishing marginal equi s demand curve explanation with role price mechanism supply framework applications market illustration example application indifference consumers hicks slutsky by inferior goods giffen compensated elasticity income cross substitution method measuring illustrative examples surplus producer the deadweight loss engel iv theory production costs decision function iso quant factor variable proportions returns to scale economies different their interrelation firm expansion path empirical evidence on references ahuja h l modern chand new delhi gould j p edward microeconomic richard irwin homewood heathfield wibe cost macmi...