Advanced Microeconomics-III TYBA Semester V Manan Prakashan

Advanced Microeconomics TYBA -III TYBA Semester V

TYBA  Manan Prakashan

Advanced Microeconomics TYBA – III Semester V Manan Prakashan

Semester V

Module – 1 : Monopoly

Sources of Monopoly – Profit maximising monopoly – Calculation of price, output and profit for a monopoly – Price discrimination: First, Second and Third degree – Public policy towards monopoly

Module – 2 : Basics of Game Theory

Prisoner’s Dilemma – Dominant Strategy Equilibrium – Battle of Sexes Game – Nash Equilibrium – Extensive form Games – Game Tree

Module – 3 : Oligopoly

The Cournot Model – The Bertrand Model – The Edgeworth Model – The Chamberlin Model – The Kinked Demand Curve Model – Collusion and Cartels – Price Leadership

Module – 4 : General Equilibrium and Welfare Economics

Interdependence in the Economy – General Equilibrium and its Existence -The Pareto Optimality Condition of Social Welfare, Marginal Conditions for Pareto Optimal Resource Allocation.

Perfect Competition and Pareto Optimality – Kaldor- Hicks Compensation Criterion – Arrow’s Impossibility Theorem.

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