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Unit 19: Behavioural and Managerial Theories of the Firm 310
Hitesh Jhanji, Lovely Professional University
Unit 20: Macroeconomic Theories of Distribution 322
Tanima Dutta, Lovely Professional University
Unit 21: Macro Theories of Ricardo, Marx and Kailki 328
Pavitar Parkash Singh, Lovely Professional University

Unit 22: Marginal Conditions of Paretian Optimum 333
Pavitar Parkash Singh, Lovely Professional University

Unit 23: Market Failure: Meaning and Sources 342
Dilfraz Singh, Lovely Professional University

Unit 24: Pigovian Welfare Economics and Externalities 354
Dilfraz Singh, Lovely Professional University

Unit 25: The Social Welfare Function 365
Hitesh Jhanji, Lovely Professional University
Unit 26: General Equilibrium Theory 370
Tanima Dutta, Lovely Professional University
Unit 27: Production Versus Consumption 385
Dilfraz Singh, Lovely Professional University

Unit 28: Economics of Risk and Uncertainty 389
Pavitar Parkash Singh, Lovely Professional University
Unit 29: Insurance Choice and Risk 400
Hitesh Jhanji, Lovely Professional University

Unit 30: Economics of Information 412
Hitesh Jhanji, Lovely Professional University