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Syllabus Sem-1 GE 1.1 Chg Module-1 Microeconomics
Unit-I: Demand and Consumer Behaviour
Concept of Demand
Marshallian Utility Approach
Indifference Curve Approach
Utility Maximisation Condition
Income Consumption Curve
Price Consumption Curve
Derivation of Demand Curve from Price Consumption Curve
Unit-II: Production and Cost
Concepts of Iso-quant and iso-cost line
Conditions for optimization (graphical approach).
Unit-III: Perfect Competition
Stability analysis– Walrasian and Marshallian
Demand-Supply analysis including impact of taxes and subsidy.
Consumer Behaviour
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