1. Introduction to the Study of Intermediate Microeconomics
2. Consumer Choice
- Income-Consumption Curve, Engel Curve, Engel Expenditure Curve, Income Elasticity of Demand
- Price-Consumption Curve. Substitution and Income Effect, Price Elasticity of Demand
- Intertemporal Consumption Choices. Rate of Time Preference. Intertemporal Budget Constraint. Interest Rate.
3. Decision under Risk and Uncertainty.
Risk. Uncertainty. Probability. Measuring Risk- Variance, Standard Deviation. Expected Mean (Value).
Expected Utility Theory.
Attitude Toward Risk - Risk Averse, Risk Loving, Risk Neutral.
Insurance. Adverse Selection and Moral Hazard.
4. Theory of production
Long-run Production Function. Isoquant Analysis. Marginal Rate of Technical Substitution. Economic Region of Production. Long-run Expansion Path.
Short-run Production Function. Short-run expansion path.
Short-run Costs. Long-run Costs.
5. Perfect Competition.
Short-run and Long-run Equilibrium of the Firm under Perfect Competition.
6. Monopoly
- Price Discrimination. Natural Monopoly. Network Industries.
7. Oligopoly
- Pricing Strategies of the Oligopolistic Firms.
- Cournot's Model, Stackelberg Model, Sweezy Model.
8. Anti-monopoly Regulation.
- Rate of Return Regulation, Price Cap Regulation; Franchise regulation; Yardstick regulation
9. Monopolistic Competition.
- Short-run and Long-run equilibrium of the Firm under Monopolistic Competition
10. Labour Market.
- Individual Demand and Supply of Labour.
- Market Demand and Supply on Competitive Labour Market. Short-run and Long-run Equilibrium on Competitive Labour Market.
11. Capital Market.
12. General Equilibrium and Welfare Theorems.
- Edgeworth Box. Consumption Efficiency. Production Efficiency. Pareto Efficiency.
- Welfare Theorems.
- Monopsony Labour Market.
13. Market Failures. Microeconomic policy of government.
Externalities.
Public Good. Efficient Scale of Provision of a Public Good.
Public Choice Theory.
2. Consumer Choice
- Income-Consumption Curve, Engel Curve, Engel Expenditure Curve, Income Elasticity of Demand
- Price-Consumption Curve. Substitution and Income Effect, Price Elasticity of Demand
- Intertemporal Consumption Choices. Rate of Time Preference. Intertemporal Budget Constraint. Interest Rate.
3. Decision under Risk and Uncertainty.
Risk. Uncertainty. Probability. Measuring Risk- Variance, Standard Deviation. Expected Mean (Value).
Expected Utility Theory.
Attitude Toward Risk - Risk Averse, Risk Loving, Risk Neutral.
Insurance. Adverse Selection and Moral Hazard.
4. Theory of production
Long-run Production Function. Isoquant Analysis. Marginal Rate of Technical Substitution. Economic Region of Production. Long-run Expansion Path.
Short-run Production Function. Short-run expansion path.
Short-run Costs. Long-run Costs.
5. Perfect Competition.
Short-run and Long-run Equilibrium of the Firm under Perfect Competition.
6. Monopoly
- Price Discrimination. Natural Monopoly. Network Industries.
7. Oligopoly
- Pricing Strategies of the Oligopolistic Firms.
- Cournot's Model, Stackelberg Model, Sweezy Model.
8. Anti-monopoly Regulation.
- Rate of Return Regulation, Price Cap Regulation; Franchise regulation; Yardstick regulation
9. Monopolistic Competition.
- Short-run and Long-run equilibrium of the Firm under Monopolistic Competition
10. Labour Market.
- Individual Demand and Supply of Labour.
- Market Demand and Supply on Competitive Labour Market. Short-run and Long-run Equilibrium on Competitive Labour Market.
11. Capital Market.
12. General Equilibrium and Welfare Theorems.
- Edgeworth Box. Consumption Efficiency. Production Efficiency. Pareto Efficiency.
- Welfare Theorems.
- Monopsony Labour Market.
13. Market Failures. Microeconomic policy of government.
Externalities.
Public Good. Efficient Scale of Provision of a Public Good.
Public Choice Theory.