Micro Economics Analysis ECOCC201 Course File M A ECO 2022-23
Micro Economics Analysis ECOCC201 Course File M A ECO 2022-23
Course File
2. Syllabus
3. Course Objective
4. Lecture Plan
7. List of Students
17. List of Slow Learners & Action Plan for enhanced learning/
The main objectives of this course are to provide students an understanding to the
concepts and aspects of disaster and its relationship with development, to ensure
Paper Objective:
Collusive Oligopoly:
I Cartels; 12
Joint Profit Maximization & Market sharing Cartels;
Price Leadership;
Low Cost price leader,
Dominant firm price leader for skill development and
entrepreneurship development..
Non Collusive Oligopoly:
Cournot’s Duopoly Model,
II Bertrand’s Model, 12
Chamberlin’s Model,
Kinked Demand model,
Stackelberg’s Solution
for skill development and entrepreneurship development.
Factor pricing and income distribution:
Classical Marginal productivity theory and its limitations,
III Elasticity of factor substitutions, 13
Theories of distribution —
Ricardian,
Marxian, Kalecki and Kaldor’s Factor pricing in perfectly and
imperfectly competitive markets,
Euler’s Theorem
for skill development and entrepreneurship development.
General Equilibrium and Welfare Economics:
Interdependence in the economy,
IV
Walrasian system, 13
Existence uniqueness and stability of equilibrium,
Edge Worth Box: Pure exchange model.
Welfare Economics:
Pigou’s concept of welfare,
Criteria of social welfare,
Pareto optimality
for skill development and entrepreneurship development..
Course outcomes:
CO2. The students learn decision-making process in different market situations such as non
collusive oligopoly competition for skill development and entrepreneurship development.
CO3. Explain the students about factor pricing and income distribution for skill development
And entrepreneurship development.
CO4. Describe the welfare economics and general equilibrium in closed and open systems for
skill development
(Note: 3 for highly mapped, 2 for medium mapped and 1 for low mapped)
PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10
CO1 2 3 2 2 1 1 1 1 1 1
CO2 2 3 2 2 1 1 1 1 1 1
CO3 2 3 2 2 1 1 1 1 1 1
CO4 2 3 2 2 1 1 1 1 1 1
CO1 3 3 1
3
3 1
CO2
3
3 1
CO3
3
1 1
CO4
Suggested Readings:
1- Hajela, P.D., Labour Restructuring in India: A Critique of the New Economic Policies.
2- Lester, R.A., Economics of Labour.
3- McConnell, C.R. and Brue, S.L., Contemporary Labour Economics.
4- Mishra, L., Child Labour in India.
5- Papola, T.S., Ghosh, P.P. and Sharma,A.N., Labour, employment and industrialRelations in
India.
6- Saxena, R.C., Labour Problem and Social Welfare.
7- Sharma, A.N., Informal Sector In India: Emerging Perspectives.
Course prerequisites: To study this course, a student must have had the subject Economics in
class/ Graduation.
Time Table
10:50- 11:40-
Day/Time 10:00-10:50 12:30-1:20 1:20-2:10 2:10-3:00 3:00-3:50 3:50-4:40
11:40 12:30
BREAKH
TUE. ECOCC103 C010101T C010301T ECOOE301
ECOOE301
WED. C010301T ECOCC103 ECOEC305
LUNC
Signature of H.O.D
Collusive Oligopoly:
01
Cartels;
02
Price Leadership;
02
Unit -1
Market sharing Cartels;
01
Bertrand’s Model,
02
Chamberlin’s Model,
01
Stackelberg’s Solution
02
Unit -2
Total Lecture of Unit 2 12
Elasticity of factor
substitutions, 02
Theories of distribution
01
Euler’s Theorem
02
Interdependence in the
economy, 02
Walrasian system
01
Pareto optimality
01
Course outcomes:
After completing this course students will be able to:
CO1. Define the concept of Labor Economics and explain various types of disasters, its
causes and Impacts including social, economic, political, environmental, health,
psychosocial, etc. for increasing the skills globally.
CO2. Describe the disaster life cycle, community based DRR and roles and
responsibilities of community and climate change adaptation for skill development at
national level.
(Note: 3 for highly mapped, 2 for medium mapped and 1 for low mapped)
PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10
CO1 1 1 1 1 3 1 1 1 1 1
CO2 1 1 1 1 3 1 1 1 1 1
CO3 1 1 1 1 3 1 1 1 1 1
CO4 1 1 1 1 3 1 1 1 1 1
(Note: 3 for highly mapped, 2 for medium mapped and 1 for low mapped)
Entrepreneurship
Skill Development Employability
Development
CO1 3 1 1
2
CO2 1 1
3
3
CO3 1 1
3
CO4 1 1
R. K. Singh
Professor Assistant Professor
Q2. Why is there a social cost to monopoly power ? Suppose a Production Process gives
rise to negative externalities, would your answer on social cost of monopoly change ?
Explain.
प्रश्न 2. एकाधिकार शक्ति की सामाजिक कीमत क्यों होती है? मान लीजिए कि एक उत्पादन
प्रक्रिया नकारात्मक बाह्यताओं को जन्म देती है, तो क्या एकाधिकार परिवर्तन की सामाजिक
लागत पर आपका उत्तर होगा? व्याख्या करना।
Q5. what are the issues that need to be addressed to bring about a faster and inclusive
development of the country?
प्रश्न 5. वे कौन से मुद्दे हैं जिन पर देश का तीव्र और समावेशी विकास लाने के लिए ध्यान देने की
आवश्यकता है?
IFTM University, Moradabad
School of Social Sciences
Department of Economics
M.A. (Economics)
ECOCC201: Micro Economic Analysis -II
Semester - II
Session: 2022-23
Solution
Assignment No.-2
Q 1. Explain how a firm attains an equilibrium in the short run and long run under
monopolistic competition.
प्रश्न 1. बताएं कि एकाधिकार प्रतियोगिता के तहत एक फर्म अल्पावधि और दीर्घावधि में संतुलन
कै से प्राप्त करती है।
Course outcomes:
On completion of this course, learners will be able to:
CO1: Define the meaning of Growth, Structure and Features of the Indian Economy for
skill development at national level.
CO2. Explain the objectives and Strategy of Planning in India for skill development,
employability and entrepreneurship development.
CO3: Describe the knowledge of the basic demographic features, aspects and basic
problems of Indian Economy for skill development at national level.
CO4. Describe the knowledge of social infrastructure of Indian Economy nationally for
skill development.
CO2. Explain the objectives and Strategy of Planning in India for skill development,
employability and entrepreneurship development.
CO3: Describe the knowledge of the basic demographic features, aspects and basic
problems of Indian Economy for skill development at national level.
CO4. Describe the knowledge of social infrastructure of Indian Economy nationally for
skill development.
CO2. Explain the objectives and Strategy of Planning in India for skill development,
employability and entrepreneurship development.
CO3: Describe the knowledge of the basic demographic features, aspects and basic
problems of Indian Economy for skill development at national level.
CO4. Describe the knowledge of social infrastructure of Indian Economy nationally for
skill development.
Q1. Explain various types of price elasticity of demand with the help of diagrams
प्र. सं.01- मांग की विभिन्न प्रकार की कीमत लोच को चित्रों की सहायता से समझाइए CO 3
Q2. Describe the two conditions necessary for attaining equilibrium for a firm in the
shortrun. CO 3
प्र. सं.02- अल्पावधि में किसी फर्म के लिए संतुलन प्राप्त करने के लिए आवश्यक दो शर्तों का
वर्णन करें।
Question Bank
Q2. How does the producer attain equilibrium under the iso-quant approach?
आइसो-क्वांट दृष्टिकोण के तहत निर्माता संतुलन कै से प्राप्त करता है?
Q4. output under perfect competition with the help suitable diagrams.
उपयुक्त रेखाचित्रों की सहायता से पूर्ण प्रतियोगिता में आउटपुट।
Q5. Explain the liquidity preference theory of Interest. What is liquidity trap?
ब्याज के तरलता वरीयता सिद्धांत की व्याख्या करें। तरलता जाल क्या है?
Result Analysis
ATTAINMENT CO1
CO1
1
ATTAINMENT CO2
CO2
1
ATTAINMENT CO4
CO4
1
CO Average 1
CO Attainment Level 3
Website Sources:
https://en.wikipedia.org/wiki/Labour_economics
https://economics.mit.edu/files/4689
http://web.uvic.ca/~hschuetz/econ370/hndout1.pdf