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February 13th, 2017, 10:59 AM
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| Re: Chennai University Economics
The syllabus of M.A. Environmental Economics program offered by Madras School of Economics is affiliated to the Central University of Tamil Nadu in Chennai is as follows: ENVIRONMENTAL ECONOMICS EE:01 MICROECONOMICS 1. Consumer Behaviour and Demand Consumer preferences opportunity sets, optimum choices, indirect utility demand functions, income and substitution effects, Slutsky equation, normal versus inferior goods, types of demand functions, elasticity, welfare evaluation, consumer surplus, equivalent variation and compensating variation, revealed preference (weak and strong axioms) 2. Utility Functions and Expected Utility Theorem Expected utility function, measures of risk aversion, state-preference approach, portfolio theory and pricing of risk, present discounted value approach to investment decisions, adjustments for risk 3. Production and Cost Production functions, types of production functions (Cobb-Douglas, CES, etc.), marginal products, rate of technical substitution, technical progress, cost functions, average and marginal costs, short run versus long run costs, economies of scale and scope, profit maximization, cost minimization, derivation of input demand 4. Competitive Markets Assumptions of perfect market, competitive markets – demand and supply, demand and supply curves of individual firms, short-run versus long-run, competitive market equilibrium, tax incidence analysis, price-controls and shortages. 5. Imperfect Competition Market failure, imperfect markets, sources of monopoly power, monopoly market equilibrium, price discrimination – first, second and third degree, tax incidence, oligopoly, Cournot Model, Stackelberg model, Bertrand Model, Monopolistic Competition. Books • Varian, H. R., Microeconomic Analysis, third edition, W.W. Norton and Co., 1992 • Mas-collel, Whinston and Green (1995): Micro-economic Theory, OUP • Gravelle, H and R. Rees: Microeconomics, Pearson Education, 3rd Edition, 2004 • Henderson, M. and R.E. Quandt, Microeconomic Theory: Mathematical Approach, McGraw Hill, 3rd edition. • Koutsoyiannes. A. “Modern Microeconomics” (Macmillan Press Limited, New York Review Books • Varian, H. R., Intermediate Microeconomics: A Modern Approach, third edition, 2010. • Nicholson, W., Microeconomic Theory: Basic Principles and Extensions, eighth edition, South Western Thomson Learning, 2002 Syllabus of M.A. Environmental Economics Madras School of Economics, Central University of Tamil Nadu     |