Microeconomics: Theory & Applications

By Prof. Deep Mukherjee | IIT Kanpur

Learners enrolled: 1062

Microeconomics: Theory & Applications is designed as a postgraduate course that teaches economic theory involving entities such as consumers and firms and how these economic agents interact within the social institution called market. This is one of the courses that students take in their 1st semester coursework in M.S./M.A. economics program. For students registered in M.Com./M.B.A. program, Microeconomics may be the only course they take in economics, and it provides a solid foundation for economic thinking that can be useful throughout their professional careers. This particular course is designed in such a way that it will provide a foundation for applied studies in economics, business, or public policy. That’s why this course has devoted some lectures on quantitative techniques which are useful in applied work. On the successful completion of this course, you will be able to use basic microeconomic theory and quantitative techniques to provide solution to a number of real-life business and policy questions.

INTENDED AUDIENCE : Students of Economics, Commerce, or Management degree programs.
PRE-REQUISITES : Knowledge of Calculus (High school level) and Microsoft Excel.
INDUSTRY SUPPORT : Any industry that would like to educate their staff on basics of Economics.

Summary

Course Status :	Completed
Course Type :	Core
Duration :	12 weeks
Category :	Management Studies Humanities and Social Sciences
Credit Points :	3
Level :	Postgraduate
Start Date :	24 Jan 2022
End Date :	15 Apr 2022
Enrollment Ends :	07 Feb 2022
Exam Date :	23 Apr 2022 IST

Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1 - Introduction to economic analysis, Market mechanism, Basic differential calculus

Week 2 - Utility, Marshallian theory of consumer behaviour, Basic mathematical optimization

Week 3 - Modern theory of consumer behaviour (Part I)

Week 4 - Modern theory of consumer behaviour (Part II)

Week 5 - Modern theory of consumer behaviour (Part III)

Week 6 - Theory of production

Week 7 - Theory of cost

Week 8 - Perfect competition, equilibrium of a competitive firm and a competitive industry

Week 9 - Welfare analysis of market, Governmental intervention in market, Monopoly

Week 10 - Imperfect competition: Monopoly, Duopoly

Week 11 - Externality problem, Linear programming as a tool for resource allocation problem

Week 12 - Linear programming, Regression analysis as a tool for applied economists

Books and references

(1) Koutsoyiannis, A. (1988). Modern Microeconomics, 2nd edition. The Macmillan Press Ltd.

(2) Pindyck, R. S., Rubinfeld, D. L., & Mehta, P. L. (2009). Microeconomics, 7th edition. Pearson.

(3) Varian, H. R. (2010). Intermediate Microeconomics, 8th edition. W.W. Norton & Co.

Instructor bio

Prof. Deep Mukherjee

IIT Kanpur

Dr. Deep Mukherjee is currently an associate professor at the Department of Economic Sciences, IIT Kanpur. He obtained his Ph.D. from the University of Connecticut and M.S. from Indian Statistical Institute. His research interests are in the fields of agricultural economics and public policy. He has taught undergraduate level microeconomics, econometrics, and environmental economics courses.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 23 April 2022 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Kanpur .It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team

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