Mumbai University MA Syllabus Part I

Hey everyone can anyone please help me wid the syllabus and notes of M.A.Part I & II. From mumbai university i have taken admission from the open university and a bit confused about preparing my answers

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would request you to please provide syllabus of MA part 1 subject English.

Can you provide me the syllabus for M.A. Part I Paper I - Micro Economics offered by University of Mumbai as I need it for preparation of my exams?

The syllabus for M.A. Part I Paper I - Micro Economics offered by University of MumbaiSyllabus is as follows:


M.A. Part (I)

Gr. (I) - Paper I : MICROECONOMICS

1. Consumer Choice
Rational preferences and choice rules-weak axiom of
revealed preference and the proof of the law of demand
Existence of the utility function and its properties Marshallian
demand functions and their properties Duality Indirect Utility
Function and its properties Expenditure function and its
properties- Envelop Theorem Hicksian Demand Function The
existence of the Neumann- Morgenstern Utility function and its
properties - measures of risk aversion.


2. Production and Distribution
Production: Technology of production specification of technology
input requirement set production function convex technology
Leontief technology Technical rate of substitution Elasticity of
substitution Returns to Scale Efficient production
Homogenous and Homothetic production function Cost Function
envelope theorem for constrained optimisation Duality of cost
and production Function.
Distribution: Technical Progress Factor shares Contributions
of Kalecki and Kaldor.


3. Market Structures
Elements of Game Theory Normal form and extensive
form games- Nash equilibria - infinitely repeated games and the
folk theorem sub game perfect Nash equilibria - Bertrand and
Cournot models of Oligopoly Oligopoly under infinitely repeated
games Monopoly price discrimination Monopoly power
Games of entry deterrence.


4. Information Economics
Perfect information and first best economy- Complete
contracts Informational asymmetries and incomplete contracts
Moral hazard and principal agent problem- Hidden information
Adverse selection market for lemons pooling and separating
equilibrium Signaling and screening.


5. General Equilibrium and Welfare
Partial and general equilibrium Walrasian equilibrium:
exchange and production Core and equilibrium- existence,
uniqueness and stability of equilibrium Contingent commodities
Critique of general equilibrium theory Welfare properties of
general equilibrium: fundamental theorems of welfare economics
Second best: externalities, public goods, information asymmetries
Equity-efficiency trade-off Measurement of welfare: consumers
surplus, compensating variation and equivalent variation.


6. Topics in Applied Microeconomics
Consumer Choice: For example (a) Derivation of Hicksian and
Marshallian demand curves from standard Utility Functions (b)
Applications of rational choice to not standard economic problems:
Fertility analysis, gender economics, analysis of education and
health choices, labour markets etc.
Production Theory: For example (a) Review of empirical studies
estimating the production functions in the Indian context.
Market Structures: For example (a) Issues in regulation (b)
vertical and horizontal integration.
Information Economics: For example (a) Labour markets (b)
Commodity markets (c) Insurance.
General Equilibrium and Welfare: For example (a) Common
property resources and property rights (b) Marginal cost pricing.

References:
1. Chiang A.C.: Fundamental Methods of Mathematical
Analysis, McGraw Hill, 1984.
2. Jehle G.A. and P.J. Rene: Advanced Microeconomics,
Addison Wesley, 1998.
3. Krishna K.L. Econometric Applications in India Oxford
University Press, 1997.
4. Luenberger D.G.: Microeconomic Theory McGraw Hill Inc.,
1995.
5. Mas-Colell A., M.D. Whinston and J.R. Green:
Microeconomic Theory Oxford University Press, 1995.
6. Milgrom R. and J. Roberts, Economics, Organization and
Management, Prentice- Hall, 1992.
7. Rasmusen E.: Games and Information, Blackwell, 1994.
8. Silberberg E.: The Structure of Economics: A Mathematical
Analysis McGraw Hill, 1990.
9. Varian H.R.: Microeconomic Analysis 3rd edition Norton and
company, 1992.
10.Wolsstetter E.: Topics in Microeconomics, Cambridge
University Press, 1999.

Attached Files Available for Download

Syllabus M.A. Part I Paper I - Micro Economics University of Mumbai.pdf (2.20 MB, 7 views)

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