Unit-1 : Micro Economics
Theory of Consumer Behaviour
Theory of Production and Costs
Decision making under uncertainty Attitude towards Risk
Game Theory – Non Cooperative games
Market Structures, competitive and non-competitive equilibria and their efficiency properties
Factor Pricing
General Equilibrium Analysis
Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization
Welfare Economics: Fundamental Theorems , Social Welfare Function
Asymmetric Information: Adverse Selection and Moral Hazard
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