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Old Saturday, August 24, 2013
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Question 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????
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Old Saturday, August 24, 2013
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Originally Posted by Aqua blue View Post
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????
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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thankx....
one more thing.... all mathematical proves nd numerical are also included????
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thankx....
one more thing.... all mathematical proves nd numerical are also included????
no, they are not...
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Old Sunday, August 25, 2013
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Default 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.
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no, they are not...
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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Old Saturday, October 12, 2013
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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.
There is a big difference between mathematical proves and mere related mathematical concepts of any topic.. Economics without maths can't even be imagine. Graphs, tables and numerical calculation in these tables along with explanation of drawn graphs are soul of economics and it will be futile to imagine good marks without these mathematical tools, but here it does not mean that you will include lengthy mathematical proves of concerned formula. Giving reference to mathematical side of any concept is totally different from inclusion of long mathematical proves and derivation.
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Old Tuesday, October 15, 2013
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Originally Posted by samia fakhar View Post
There is a big difference between mathematical proves and mere related mathematical concepts of any topic.. Economics without maths can't even be imagine. Graphs, tables and numerical calculation in these tables along with explanation of drawn graphs are soul of economics and it will be futile to imagine good marks without these mathematical tools, but here it does not mean that you will include lengthy mathematical proves of concerned formula. Giving reference to mathematical side of any concept is totally different from inclusion of long mathematical proves and derivation.
Which is exactly what I have said in my post.
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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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Please tell me from where you are preparing Pakistan Economy its urgent.
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