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BECC 108 Intermediate Microeconomics II | IN-DEPTH STUDY GUIDE for IGNOU

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BECC 108 Intermediate Microeconomics II | IN-DEPTH STUDY GUIDE for IGNOU

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A comprehensive study guide for IGNOU's BECC-108 course, focusing on "Intermediate Microeconomics II," covering all syllabus topics for the exam. Master advanced microeconomic concepts effortlessly and ace your economics studies with confidence.
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  • General Equilibrium and Welfare Economics
  • Game Theory
  • Market Failures and Externalities
  • Information Economics and Asymmetric Information
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-108 course, "Intermediate Microeconomics II." It provides an in-depth exploration of advanced microeconomic concepts, theories, and applications, ensuring comprehensive coverage of all syllabus topics required for the exam.

Key Features:

  • General Equilibrium and Welfare Economics: The guide comprehensively covers the concepts of general equilibrium and welfare economics, including the Edgeworth box, Pareto efficiency, and social welfare functions. Learn how to analyze market equilibrium and evaluate economic policies for efficiency and equity.

  • Game Theory: Understand the principles of game theory and its applications in economic analysis. Learn about different types of games, such as the prisoner's dilemma and the Nash equilibrium, and their relevance in modeling strategic interactions among economic agents.

  • Market Failures and Externalities: Explore the concept of market failures and externalities and their implications for economic efficiency and social welfare. Learn about the causes and consequences of market failures and how government intervention can address externalities and improve market outcomes.

  • Information Economics and Asymmetric Information: Learn about information economics and asymmetric information and their effects on market outcomes. Understand how adverse selection and moral hazard problems arise in markets with asymmetric information and how they can be mitigated through signaling and screening.

Benefits:

  • Comprehensive Coverage: This guide ensures comprehensive coverage of all syllabus topics, helping you grasp advanced 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 advanced 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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