Guest lecture on Market Structure: A Micro Economic Analysis held at St Philomena Clg

Bellevision Media Network

Puttur, Nov 04, 2014: The Planning Forum of PG Studies in Economics of St Philomena College, here organized a guest lecture programme on the topic, ‘Market Structure: A Micro Economic Analysis’ on October 31.

 

Professor Ganapathi S, HOD of Economics of St Philomena College was the resource person. In his presentation he said, ‘In a market economy pricing is basically conditioned by the market structure. There are many different market structures. Perfect competition is a theoretical concept rather than an actual market reality. To some extent, the perfect competition model fits into the market for farm products like rice, wheat etc., when all the units of each commodity is identical. In fact, in present–day economies, the competitive market is becoming less and less realistic even in agricultural products.’

 

 

Fr Antony Prakash Monteiro, chairperson of PG Studies and Research Centre of the College, in his presidential address said, ‘If information about the market conditions, especially regarding the price, quantities and alternatives to the goods are prevailing, the consumers can maximize their welfare.’

 

Dr Prabhakara Shishila gave an introduction about the programme. Professor Sandhya introduced the resource person.

 

Lavina welcomed the gathering. Bharath proposed the vote of thanks. Professor Pradeep K S compered the programme.