About the Book
The 5th edition of the book Business Economics comprises of those aspects of economic analysis which are relevant to commerce students. It begins with different assumptions, proceeds along different lines, evolves different concepts and reaches new conclusions. This book is designed according to minimum uniform syllabus for B.Com., BBA as prescribed by National Education Policy-2020.
Salient Feature
- Simplicity of Style & Lucid Presentation.
- Model questions have been added at the end of each chapter.
- Added simple mathematical and statistical appendices at the end of certain chapters to help students to solve mathematical problems.
Unit - I
- Definition, Nature and Scope of Economics
- The Economic system
- Objectives of a Business Firm
Unit - II
- Theory of Demand
- Utility Analysis of Demand
- The Indifference Curve Analysis of Demand
Unit - III
- Elasticity of Demand
- Elasticity of Demand and Average and Marginal Revenues
- Applications of Utility and Indifference Approaches
- Demand Forecasting
Unit - IV
- Factors of Production and Specialization
- Laws of Returns
- Elements of Linear Programming
- Law of Supply and Supply Schedules
Unit - V
- Cost Analysis
- Cost and Revenue and break-even Point
- Cost Control and cost Reduction
- Market: Classification
- Pricing Under Perfect Competition
- Pricing Under Monopoly
- Control and Regulation of Monopoly
- Natural Monopolies: Public Utilities
- Pricing under Duopoly and Oligopoly
- Pricing under Monopolistic Competition
- Monophony and Bilateral Monopoly
- Interdependent Prices
- Pricing Policies and Practices
- Price Fixation and Price Control by Government
- Theory of Distribution
- Rent and Quasi Rent
- Wages
- Interest
- Profit
- National Income and Economic Welfare
- Trade Cycles
- International Trade
- Public Finance
ISBN13:
978-81-8054-822-2
Weight:
0.00
Edition:
5th Revised Edition
Language:
English
Title Code:
438