Textbook of Economic Analysis English 2009

The present edition has been thoroughly revised, updated and rewritten. Taking into consideration the changes in the University syllabi and suggestions received from various quarters the book has been completely recast and changed to such an extent that it presents entirely a new look, totally different from its previous editions. Every chapter of this has been strengthened by adding new material and pruning of old material wherever necessary. The diagrams have been completely redrawn and remade. Complex illustrations and figures have been replaced by simple ones. Multiple Choice Exercises are added at the end of almost all the chapters. The present edition has been divided into nine parts. Part One of the book consisting of seven chapters deals with the Basic Concepts of Economics. Part Two comprising nine chapters deals with all the topics of Demand Theory including the recent development in demand theory. Part Three on Theory of Production comprises of three chapters. Part Four on product pricing contains eighteen elaborately written chapters dealing with the main body of microeconomic theory. Part Five on Factor Pricing deals with macro-theories of distributions. Eulers theorem: the adding up problem, factor pricing under different market conditions, rent, wages, interest and profit. Part Six on welfare Economics deals with general equilibrium theory in five chapters. Part Seven on International Trade consist of the Classical Theory of Comparative Cost, the Heckscher- Ohlin theorem, International Trade and Factor Prices and the Gains from trade. Part Eight is on Income and Employment. It incorporates chapter on National Income Analysis, Classical Theory of Income and Employment, Keynesian theory of Income and Employment and Critical Appraisal of Keynesian theory. Part Nine shows the Concepts of Trade Cycles, Theory of Trade Cycles, Theory of Growth and Economic Planning. The book is primarily meant for the students of undergraduate and postgra