Week 1: Introduction to Microeconomics for Managers, Fundamentals of Demand and Supply, Market Equilibrium, Factors affecting Demand and Supply, Comparative Statics
Week 2: Price Elasticity of Demand, Elasticity and Revenue Maximization, Marginal Analysis I
Week 3: Marginal Analysis II
Week 4: Theory of Consumer Behavior I – Preferences, Utility, Indifference Curves, Marginal Rate of Substitution, Budget Constraint
Week 5: Theory of Consumer Behavior II – Optimal Choice, Market Demand curve, Income Effect and Substitution Effect, Two applications of the theory of consumer behavior
Week 6: Producer Theory I – Inputs and Production Function, Law of Diminishing Returns, Marginal Rate of Technical Substitution, Returns to Scale
Week 7: Producer Theory II – Cost Minimization in the Long Run and Short Run, Input Demand curves
Week 8: Producer Theory III – Cost Curves in the Short Run and Long Run, Economies of Scale
Week 9: Market Structure I – Perfect Competition; Short Run supply curve, Long Run supply curve
Week 10: Welfare Analysis in competitive markets
Week 11: Market Structure II – Monopoly and its Regulation, Natural Monopoly, Regulating a natural monopoly
Week 12: Capturing surplus – different types of price discrimination
DOWNLOAD APP
FOLLOW US