What is New to This Edition :
Chapter 2 gives a distinction between Microeconomics and Macroeconomics.
Chapter 2 also explains the concept of income elasticity, cross elasticity of demand, and elasticity of substitution.
At the end Chapter 3, a variety of simple numerical problems with solutions are given to illustrate the concepts discussed.
Chapter 8 provides more examples illustrating the various aspects of break-even analysis.
While the book is intended primarily as a text for B.Tech. and MCA courses of Biju Patnaik University of Technology (BPUT), Orissa, it would also be highly useful for BE/B.Tech. students of other universities/institutes. Besides, practising engineers and project consultants making economic decision analysis would find this well-organized book immensely valuable.
What the Reviewer Says :
"The book is very clear in exposition of the concepts and theories of Economics. I am confident that it will be extremely helpful to the engineering students." —Dr. NIRMAL CHANDRA SAHU, Professor, Postgraduate Department of Economics, Berhampur University, Orissa
SASMITA MISHRA, PhD (Analytical and Applied Economics), is an Economics faculty, Department of Mathematics and Humanities, College of Engineering and Technology, Bhubaneswar. She has over 16 years of teaching experience in Economics and Engineering Economics.