M.A. ECONOMICS (SEMESTER-WISE) - Dr BR Ambedkar University

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DR. BHIM RAO AMBEDKAR UNIVERSITY, AGRA .M.A. ECONOMICSSEMESTER WISE - DETAILED SYLLABUSSECOND SEMESTERPAPER – 201ADVANCED MICRO ECONOMIC ANALYSIS – IIUNIT 1: Price & output Determination (I) –- Perfect Competition - Features, Price Determination, Equilibrium of the Firm and Industry.- Monopoly: - Price and Output Determination.- Comparison between Monopoly equilibrium in and perfect Competition Equilibrium- Discriminating Monopoly – Price Discrimination, Equilibrium under Discriminating Monopoly.- Regulation of Monopoly – Through Taxation, and Price RegulationUNIT 2: Price & output Determination (II) –- Monopolistic Competition – Price and Output Determination.- Critique of Chamberlin’s Theory of Monopolistic Competition- Excess Capacity under Monopolistic Competition- Selling Cost.- Oligopoly – Price and Output Determination.- Cournot’s Model and Chamberlin’s Model of Oligopoly.- Kinked Demand Curve in Oligopoly.- Game Theory of Oligopoly.- Duopoly – Price and Output Determination.UNIT 3: Alternative Theories of the Firm –Page 24
DR. BHIM RAO AMBEDKAR UNIVERSITY, AGRA .- Baumol’s Model of Sales Revenue Maximization.- Marris’s Managerial Model of the Firm. 20- Williamson’s Managerial Model of the Firm.UNIT 4: Factor Pricing –- Marginal Productivity Theory.- Euler’s Theorem and Product Exhaustion Problem or Adding up Problem.- Modern Theory of Rent.- Wage Determination under Collective Bargaining.- Fixation of Minimum Wage.- Modern Theory of Interest, IS-LM Curve Model.- Dynamic Theory of Profit, Innovation Theory, Risk and Uncertainty Theory.UNIT 5: Welfare Economics.- Pigou’s Theory of Welfare Economics- Conditions of Pareto Optimality.- Bergson – Samuelson’s Social Welfare Function.- Arrow’s Impossibility Theorem.Recommended Books• Ahuja H.L. (2003) Advanced Economic theory: Microeconomic Analysis, 13thEdition, S. Chand andCo. Ltd. New Delhi.• Ahuja H.L. Modern Economics 13thEdition, 2008, Chand and Company Ltd., New Delhi.• Archibald G.C. (1971) Theory of the firm, Penguin, Harmondsworth.• Bain J. (1958) Barriers to New Competition, Harrard University Press, Harvard.• Broadway R.W.andBruse (1984) Welfare Economics, Busil Blackwell, London.Page 25
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M.A. ECONOMICS (SEMESTER-WISE) - Dr BR Ambedkar University

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