Principles of Economics

ISBN Number : 978-93-5202-762-0

Student Price : Rs.698

Student Dollar Price : 28$

Library Price : Rs.1395

Library Dollar Price : 56$

Book Edition : Eleventh

Year of Publication : 2021

No. Of Pages : 422

Book Weight :576

About The Book

At the undergraduate level, a student of economics is expected to grasp the basic concepts of microeconomics as well as some concepts of macroeconomics.

In the first 20 chapters, the book exhaustively deals with the substance of microeconomics − the theory of customer`s behaviour, production, product pricing and the pricing of factors − rent, wages, interest and profit including theories of factors` shares.

The remaining chapters, cover such selected topics of macroeconomics as National Income, Issues of Public Finance and Budgetary Policy together with a comprehensive exposition of Economic Systems.

The treatment of the book is in consonance with the level of undergraduate students of economics of Andhra, Calcutta, Hyderabad, Indore, Osmania and other Indian Universities. Incidentally, the book also covers the syllabus of Sant Gadge Baba Amaravati University for B.B.A. course in economics paper.

The book has the following unique characteristics:
- The subject matter has been exhaustively discussed with numerous illustrations and diagrams.
- At the end of each chapter, a summary has been given to highlight the major points of discussion.
- At the end of each chapter, exercises in the form of typical questions and problems have been given to enable the student to test his knowledge and understanding the subject. These exercises will give him a fair idea of the pattern of questions which are likely to be set at the University examinations.


Contents :

1. Nature of Economic Analysis
2. Wants and Consumption
3. Consumer`s Behaviour (Marginal Utility Analysis Cardinal Approach)
4. Indifference Curve Analysis
5. Elasticity of Demand
6. Elasticity of Supply
7. Factors of Production
8. Theory of Production
9. Cost of Production
10. Forms of Market
11. Pricing : Perfect Competition
12. Equilibrium of the Firm and Industry
13. Monopoly
14. Monopolistic Competition
15. Theory of Distribution
16. Rent
17. Wages
18. Interest
19. Profit
20. National Income and Inequality
21. Public Finance (Nature, Significance and Principle)
22. Public Revenue
23. Public Expenditure
24. Budgetary Policy and Deficit Financing
25. Economic Systems

About The Author

Professor D.M. Mithani has a Masters Degree in Economics and a Ph.D. in Banking and Finance from the University of Mumbai.

Dr. Mithani has teaching experience of over five decades serving in India at the University of Mumbai and the Narsee Monjee Institute of Management Studies (NMIMS), Mumbai, besides his long-term association with the Universiti Utara Malasiya (UUM) at Malasiya and the Prince of Songkhla University (PSU) (Hatyai) and Thaksai University (Songkhla) at Thailand. He is also Adjunct Professor at Oriental Institute of Management, Vashi, Navi Mumbai. He was an elected member of the Executive Committee of the Indian Economic Association during 1988-1994. He is also having a honoured position of being an Professor Emeritus at the L.J. Institute of Business Management.

Dr. Mithani is a prolific writer. He has contributed widely to many journals, national and international seminars and conferences. He has published over 50 books in the field of Economics and Management. His latest publications include: Beyond Rhythms of Management, Management Economics, International Economics and Global Trade and Finance.

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