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BECC 105 Intermediate Microeconomics I | IN-DEPTH STUDY GUIDE for IGNOU

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BECC 105 Intermediate Microeconomics I | IN-DEPTH STUDY GUIDE for IGNOU

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A comprehensive study guide for IGNOU's BECC-105 course, focusing on
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  • Theory of Production and Costs
  • Theory of Consumer Behavior
  • Perfect Competition and Monopoly
  • Monopolistic Competition and Oligopoly
Category : BACHELOR'S (HONOURS) DEGREE PROGRAMMES
Sub Category : Bachelor of Arts (Honours) Economics (BAECH)
Products Code : HON-C-EC-4.00
HSN Code : 490110
Language : English
Author : BMAP EDUSERVICES PVT LTD
Publisher : BMAP EDUSERVICES PVT LTD
University : IGNOU (Indira Gandhi National Open University)
Pages : 300
Weight : 199 GM
Dimensions : 21.0 x 29.7 cm (A4 Size Pages)



Details

This study guide is your ultimate companion for IGNOU's BECC-105 course, "Intermediate Microeconomics I." It provides an in-depth exploration of intermediate-level microeconomic concepts, theories, and applications, ensuring comprehensive coverage of all syllabus topics required for the exam.

Key Features:

  • Theory of Consumer Behavior: The guide comprehensively covers the theory of consumer behavior, including utility maximization, indifference curve analysis, budget constraints, and demand functions. Learn how consumers make rational choices to maximize their utility given their limited income.

  • Theory of Production and Costs: Understand the principles of production and cost analysis, including production functions, isoquants, isocost lines, and cost curves. Learn about the relationship between inputs and outputs, and how firms make production and cost minimization decisions.

  • Perfect Competition and Monopoly: Explore the characteristics of different market structures, including perfect competition and monopoly. Understand how price and output are determined under perfect competition and monopoly, and analyze the efficiency and welfare implications of each market structure.

  • Monopolistic Competition and Oligopoly: Learn about monopolistic competition and oligopoly, and their characteristics and behavior. Understand how firms differentiate their products and compete in monopolistically competitive markets, and analyze strategic behavior and market outcomes in oligopolistic markets.

Benefits:

  • Comprehensive Coverage: This guide ensures comprehensive coverage of all syllabus topics, helping you grasp intermediate-level microeconomic concepts thoroughly.

  • Concise and Clear: The content is presented in a concise and clear manner, making complex microeconomic theories easy to understand and apply.

  • Exam Preparation: With all essential topics covered and explained in detail, this guide prepares you effectively for the exam, boosting your confidence and performance.

  • Efficient Learning: By focusing on key concepts and providing relevant examples, this study guide facilitates efficient learning, saving you time and effort.

  • Exam Ready: Designed to cover the entire syllabus within 300-350 pages, this guide ensures that you are well-prepared for your exam, making your exam preparation journey smooth and effective.

Prepare for your economics exam with confidence and excel in intermediate-level microeconomic concepts with this comprehensive study guide. Master the core principles, theories, and applications of microeconomics effortlessly, and achieve success in your academic pursuits.

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