Dr Odozi John Chiwuzulum   (Published 2017)

Dr John Chiwuzulum
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The main focus of this part of the course is the Demand aspect of microeconomics. Topics covered include Neutral, theory of costs, Pricing, Short run and Long run equilibrium of firms and industry under perfect competition; Pricing under imperfect competition; Short run and Long run equilibrium of the classical monopoly; price discrimination; factor pricing and choice of optimal combination of factors of production; choice of optimal expansion path, partial and General equilibrium concepts; Cardinal and Ordinal theories of Demand, indifference curve analysis; the revealed preference hypothesis and consumer equilibrium; Derivation, Determination and elasticity of market demand; theory of firms i.e. objective and optimization problems; production possibility curve analysis; returns to scale and laws of proportion.

Item Type: Courseware(non-copyrighted, full text)
Format: PDF document,   90.26 KB
Copyright: Creative Commons LicenseCreative Commons license
Department: Accounting and Economics
Field of Study: Economics
Uploaded By: Uddin Osemengbe Oyaimare
Date Added: 25 Nov 2017 2:57pm
Last Modified: 25 Nov 2017
courseware URL:

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