Book Details

  New Book

ECONOMIC THEORY & OPERATIONS ANALYSIS


By   ()
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Price : Rs395.00  
ISBN : 9788120301412  
Dimension : 22 x 15.2 x 3    Page : 720
Year of Publication : 2014    Edition : 4
Publisher : PHI LEARNING PVT. LTD.
Subject : ECONOMICS & FINANCE




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Description :

This new edition of the highly acclaimed text offers a comprehensive description of the current body of microeconomic theory and its applications to operations research. It explains the logic of analysis and offers detailed discussions on how business practice can become more practical with keen abstract analysis of its problems. The standard topics of microeconomics and mathematical economics, as well as a number of new topics have been covered. The organization of the book has been revised on the basis of economic area covered.


Content :

PART ONE: ANALYTIC TOOLS OF OPTIMIZATION_Optimization and an Example from Inventory Analysis. Some Elementary Mathematics. Marginal Analysis. Maximization, Minimization, and Elementary Differential Calculus. Linear Programming. Duality. Nonlinear Programming. Kuhn-Tucker Methods. PART TWO: DEMAND AND PRODUC-TION THEORY_Demand Curves, Utility Surfaces and Indifference Maps. On Empirical Determination of Demand Relationships. Production and Cost. Linear Programming and the Theory of Production. Comparative Statics and Maximization: Consumers and Firms. Towards Observability: Revealed Preference and Expenditure and Cost Functions. PART THREE: FIRMS, GAMES AND DECISIONS_The Firm and Its Objectives. Market Structure, Pricing, and Output. Neumann-Morgenstern Utility Theory. Game Theory. Decision Theory. PART FOUR: GENERAL EQUILIBRIUM, WELFARE AND DISTRIBUTION_General Equilibrium
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