HEMCHANDRACHARYA NORTH GUJARAT UNIVERSITY, PATAN Programme code : BAECO Programme Name : Economics Course Code BAECO401CC Semester : 4 Micro Economics-2 (ME-2) Course type : Core Complusory Total Credit : 04 Teaching time Examination Marking scheme (hours) Theory Practical Internal External Total (hrs) (hrs) (Marks) (Marks) 4 X 15 = 60 30 70 ( of 3 hrs) 100 The main objective of the paper is to analyze the economic behavior of individual, Firm and Objective Market. It is mainly concerned with U.G.Studen Unit Topic Marks Content Hrs. Credit No. No. W + % Market Structure-1 (Perfect competition & monopoly): Meaning of perfect competition, short run and long run equilibrium of the firm and industry in perfect competition, 1 1.1 04 Concept of monopoly, equilibrium of firm in the monopoly, Meaning and types of price discrimination, Possibility and profitability of price discrimination, Effect of monopoly. 2 2.1 Market structure- 2 (Monopolistic competition): Concept of monopolistic competition, price and output determination of firm under monopolistic competition, Equilibrium of group, Selling cost and its effect on demand curve, Comparison among perfect competition, monopoly and monopolistic competition, concept of oligopoly and duopoly. 3 3.1 Distribution of National Income: Marginal productivity theory of distribution, Modern theory of rent, collective bargaining theory of wages, concept and effects of minimum wages. 4 4.1 Distribution and welfare economics: 1 Theory of profit, Theory of risk, theory of uncertainly, theory of innovations. 2 Definition of welfare economics, Introduction of economic and non economic welfare, concept of individual welfare and social welfare, Introduction of pigou’s welfare economics, problems in measuring welfare
HEMCHANDRACHARYA NORTH GUJARAT UNIVERSITY, PATAN Programme code : BAECO Programme Name : Economics Course Code BAECO401CC Semester : 4 Micro Economics-2 (ME-2) Course type : Core Complusory Total Credit : 04 Teaching time (hours) Examination Marking scheme Theory (hrs) Practical (hrs) Internal (Marks) External Total (Marks) 4 X 15 = 60 30 70 ( of 3 hrs) 100 Objective The main objective of the paper is to analyze the economic behavior of individual, Firm and Market. It is mainly concerned with U.G.Studen Unit No. Topic No. Content Hrs. Marks W + % Credit 1 1.1 Market Structure-1 (Perfect competition & monopoly): Meaning of perfect competition, short run and long run equilibrium of the firm and industry in perfect competition, Concept of monopoly, equilibrium of firm in the monopoly, Meaning and types of price discrimination, Possibility and profitability of price discrimination, Effect of monopoly. 04 2 2.1 Market structure- 2 (Monopolistic competition): Concept of monopolistic competition, price and output determination of firm under monopolistic competition, Equilibrium of group, Selling cost and its effect on demand curve, Comparison among perfect competition, monopoly and monopolistic competition, concept of oligopoly and duopoly. 3 3.1 Distribution of National Income: Marginal productivity theory of distribution, Modern theory of rent, collective bargaining theory of wages, concept and effects of minimum wages. 4 4.1 Distribution and welfare economics: 1 Theory of profit, Theory of risk, theory of uncertainly, theory of innovations. 2 Definition of welfare economics, Introduction of economic and non economic welfare, concept of individual welfare and social welfare, Introduction of pigou’s welfare economics, problems in measuring welfare
BAECO.docx