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Here is the syllabus

ADVANCED ECONOMIC ANALYSIS-I
Unit-I
Demand Theory : Cardinal Ordinal Approaches. Demand and Supply Elasticties, Indifference Curve Approach. Income & Substitution Effects, Hicks-Allen and Slutsky Approaches.

Unit-II
Application of Indifference Curve Analysis- Consumer Surplus, derivation of Demand
Curve Rationing, Income Tax etc; Revealed Preference Theory, Hick’s Revision of
Demand Theory.

Unit-III
Production Theory : Variable proportions, Returns to Scale, Isoquants Analysis,
Production Function, Elastricity of Substitution

Unit-IV.
Cost Concepts: Cost Curves, Cost Function, Envelope Curve and L-Shaped Curves.


MCOM Applied Economics Syllabus










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