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#1
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Confused about Micro Economics
I am very confused about Micro Economics.....
in Theory of the firm and producer,s equilibrium which topics are added.... Monopoly, monopolistic competition and Game theory are also added.... i'm very confused.... can any one please guide me properly???? |
#2
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obviously, all these type of market structures are included in producer's equilibrium.. better to study all important types of market structure e.g. perfect competition, duopoly, oligoploy, monopoly and monopolistic competition.
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One who imagines himself to be all knowing will surely suffer on account of his ignorance.(Hazrat Imam Ali a.s) |
#3
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thankx....
one more thing.... all mathematical proves nd numerical are also included???? |
#4
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no, they are not...
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One who imagines himself to be all knowing will surely suffer on account of his ignorance.(Hazrat Imam Ali a.s) |
#5
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Producer's Equilibrium & Firm
For Firm Structure the related topics are:
1. Perfect Competition 2. Imperfect Competition a) Monopoly b) Oligopoly c) Duopoly d) Monopolistic Competition And for the Producer's Equilibrium, the general rule is: MC=MR However, following topic is worth reading; 1. Iso-Quant / Iso-product / Equal-Product (all same thing) (Note: it is opposite of indifference curve in consumption theory) 2. Iso-cost line 3. Marginal Productivity Theories. goodluck. |
The Following User Says Thank You to peaceful loin For This Useful Post: | ||
Aqua blue (Sunday, August 25, 2013) |
#6
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From what I have learnt is that the economics examiner puts alot of premium on empirical proofs. Although mathematical proofs and algebra isn't necessary, it is essential nonetheless to fetch you 'those extra marks' which otherwise seem hard to get --not to forget, it may make the difference between your position and what you potentially could have gotten. One should atleast know the basics as far as indifference curves, budget constrainsts, their tangency points, profit maximizing conditions, minimum costs et cetera --all of which account for the relevant areas in the prescribed syllabus.
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#7
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Quote:
__________________
One who imagines himself to be all knowing will surely suffer on account of his ignorance.(Hazrat Imam Ali a.s) |
#8
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Quote:
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#9
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i appeard in css 2012 and got 73 marks in microeconomics,it is not a big deal??? i think it is easy as compare to pakistan economy
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#10
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Please tell me from where you are preparing Pakistan Economy its urgent.
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