Block 1 – Market Structure
Perfect Competition: Firm and Industry Equilibrium
Monopoly: Prices and Output Decisions
Monopolistic Competition: Price and Output Decisions
Oligopoly: Price and Output Decisions
Block 2 – Factor Market
Factor Market and Pricing Decisions
Labour Market
Land Market
Block 3 – Welfare, Market Failure and the Role of Government
Welfare: Allocative Efficiency Under Perfect Competition
Efficiency of the Market Mechanism: Market Failure and the Role of the State
Block 4 – International Trade
Theories of International Trade
WTO and India’s Trade Policy
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