Introduction to Microeconomics notes

Introduction to Micro-Economics notes

LESSON ONE: INTRODUCTION TO ECONOMICS

1.1 Introduction to Economics
1.2 Scope of Economics
1.3 Why Study Economics?
1.4 The Methodology of Economics
1.5 Economic Systems
1.6 Why Intervene in the Economy
1.7 Specialization
1.8 Review Questions
1.9 References

LESSON TWO: DEMAND AND SUPPLY

2.1 Definition of Demand
2.2 The Determinants of Demand
2.3 Movement Along and Shift in Demand Curve
2.4 Definition of Supply
2.5 Movement Along and Shift in Supply Curve
2.6 The Concept of Equilibrium in Economics
2.7 Price Control
2.8 Elasticity of Demand
2.9 Elasticity of Supply
2.10 Review Questions
2.11 References

LESSON THREE: THEORY OF CONSUMER

3.1 Introduction
3.2 Cardinalist Marginal Utility Approach
3.3 Consumer Equilibrium
3.4 Ordinalist / Indifference Curve Approach
3.5 Consumer Equilibrium
3.6 Income Consumption Curve
3.7 Review Questions
3.8 References

LESSON FOUR: THE THEORY OF PRODUCTION

4.1 Definition
4.2 Factors of Production
4.3 Specialization
4.4 Production Function
4.5 Long Run Changes in Production
4.6 The Theory of Cost
4.7 Revenue Function
4.8 Optimum Seize of a Firm
4.9 Economies of Scale
4.10 Mergers and Acquisitions
4.11 Review Questions
4.12 References

LESSON FIVE: MARKET STRUCTURES

5.1 Perfect Markets
5.2 Monopoly
5.3 Monopolistic Competition
5.4 Oligopoly
5.5 Review Questions
5.6 References
Sample Paper 1
Sample Paper 2

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