Micro Economics

Dr. Preeti Chhabra
Last Update October 9, 2021
1 already enrolled

About This Course

By the end of this course, a student should be able to:

Describe the economic behavior of the firm;

Explain and apply supply and demand analysis to relevant economic issues;

Apply marginal analysis to the firm under different market conditions;

Apply tools of consumer behavior and firm theory to business situations.

Curriculum

72 Lessons20m

Unit I: Consumer Behavior and Elasticity of Demand

Lesson 1: Nature and Scope of Microeconomics

Lesson 2: Basic Demand Analysis

Lesson 3: Elasticity of Demand

Lesson 4: Price, Income and Cross Elasticity of Demand

Lesson 5: Marginal, Average Revenue

Lesson 6: Utility Analysis

Lesson 7: Consumer Equilibrium

Lesson 8: Cardinal Utility Analysis

Lesson 10: Income and substitution Effect

Lesson 11: Consumer Surplus and Application

Unit II: Production Theory

Lesson 12: Introduction to Production Function

Lesson 13: Total , Average and marginal Product

Lesson 15: Isoquant Curve

Lesson 17: Return to Factor and Return to scale

Unit III: Cost Theory

Lesson 20: Short-run v/s long-run Cost Curve

Lesson 21: Economies and Diseconomies on Scale

Lesson 22: Characteristics and Assumptions of Perfect Competition

Lesson 23:Supply Curve of Firm and Industry in Long Run

Lesson 25: Consumer’s and Producer’s Surplus

Unit V: Monopoly

Lesson 26: Nature and Sources of Monopoly

Lesson 27: Monopoly short-run

Lesson 28: Monopoly long-run

Lesson 29: Measurement of monopoly power

lesson 30: Price discrimination

Lesson 31: Degrees of Price Discrimination

Lesson 32: Comparison of pure competition and monopoly

Lesson 33: Social costs

Unit VI: Imperfect Competition

Lesson 34: Intro of Imperfect Competition

Lesson 35: Monopolistic competition and economic efficiency

Lesson 37: Oligopolist interdependence

Lesson 38: Cournot duopoly model (with reaction curves)

Revision Test

Revision Test

Your Instructors

Dr. Preeti Chhabra

Assistant Professor

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Free
Level
Beginner
Duration 20 minutes
Lectures
72 lectures
Subject
Language
English
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