Advanced Economic Theory Microeconomic Analysis (SChand Publications)

There have been significant developments in economic theory in recent years, but the tendency has been to make it more mathematical. Postgraduate and Honours students of Indian universities, having poor background of mathematics, find it difficult to understand the various theories and concepts involving use of advanced mathematics. Moreover, the matter pertaining to advanced topics in economic theory is scattered in many economic journals to which most of the students of Indian universities have no access. I have endeavoured to help them. So, in this book an effort has been made to discuss the various theories of microeconomics without making use of advanced mathematics. The merit of this book is that it explains the advanced theories and concepts with the help of geometry and simple mathematics.

1. Nature and Scope of Economic Theory

2. Micro and Macro-Economics

3. Methodology of Economics

4. Methodology of Economics: Economic Statics and Dynamics

5. Basic Mathematical Concepts and Optimisation Techniques

6. Demand and Demand Function

7. Consumer’s Behaviour: Cardinal Utility Analysis

8. Indifference Curve Analysis of Demand

9. Demand for Complementary and Substitute Goods

10. Marshallian Cardinal Utility Analysis vs. Indifference Curve Analysis

11. Applications and Uses of Indifference Curve

12. Revealed Preference Theory of Demand

13. Hicks’ Logical Ordering Theory of Demand