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Advanced Microeconomics-III TYBA Semester V Manan Prakashan


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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.


Additional Information


BOARD Mumbai University
ISBN-13 978-81-94745-18-1
AUTHOR A. D. Mascarenhas, Dr. P. A. Johnson, K. P. Mody
PUBLISHER Manan Prakashan
ED All
SUBJECT Microeconomics – III (Paper VII) TYBA Semester V

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