Modern economic theory / by Kewal Krishan Dewett and Adarsh Chand

Includes classified bibliography and index.

Nature of economics:definitions Nature of economics scope and method Partial equilibrium and general equilibrium analysis Statistics dynamics and comparative statistics Utility analysis of demand Indifference curve techniques Indifference curve analysis of demand Some applications of indifference curve technique Revealed Preference theory Recents developments in demand theory Elasticity of demand Consumer's surplus Factors of production Forms of Enterpreneural Organization Population Theories Scale of production Production possibility curve and production function Laws of return Isoquants or Equal product curves Cost and cost curves Supply Market structures Revenue curves Equilibrium of the firm and industry: general Equilibrium of firm and industry under perfect competition Supply curve of perfectly competitive industry Price -output determination: perfect competition Price-output under monopoly Price-output under monopolistic competition Oligopoly and duopoly General Theory of factor pricing Wages Rent Interest Profit Role of price mechanism Social accounting National income: meaning and concept Theory of employment Determination of national income Critique and relevance of keynesian system Determinants of income and employment:Propencity of consume Determination of income and employment:inducement to invest Multiplier and accelerator Wages and employment Unemployment and full employment Trade cycles Nature and function of mpney Monetary standards Theory of money and prices Inflation Banking Central banking Monetary policy Theory of international trade Free trade vs protection Balance of payments Exchange rate determination International monetary fund Nature and scope public finance Public expenditure Public revenue Problem of Equity Incidence of Taxation Public debt Deficit financing Capitalism Socialism Mixed economy Economic under-development Obstacles to economic growth Various circle of poverty Disguised unemployment and economic growth Economic development Strategy of Economic development: balanced and unbalanced growth Investment criteria and choice of techniques Finance of Economic development Role of government in Economic development Economic planning: meaning and types Welfare Economics