Managerial Economics, 2nd Edition

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Huge response and wide acceptance of the 1st edition of this book have prompted us to revise it thoroughly. Since textbooks are written within the specified framework of syllabus, hardly there lies any freedom of the author to provide original ideas.In this edition of the book, some major changes have been carried out for the purpose of inclusion of new topics and upgradation of recent data. This book is written for those who begin to study economics in management courses.- - - -CONTENTS: Preface * Introduction * Understanding Graphs * The Theory of Demand * Elasticity of Demand * Theory of Supply * Equilibrium Price and Quantity Determination * Consumer Behaviour * Theory of Production * Theory of Cost * The Theory of Perfect Competition * Monopoly * Oligopoly * Monopolistic Competition * Capital Budgeting * Cost of Capital * National Income Accounting * Business Cycle * Balance of Payment * Employment * Inflation * International Trade * Make or Buy Decision * Diversification * Appendix.