Microeconomics: Theory and Applications

Microeconomics: Theory and Applications presents all the standard topics of traditional microeconomic theory. It covers the basic concepts of Modeling Microeconomics, Application: Market Equilibrium, Consumer Equilibrium, Demand function , Consumer Behaviour Applications and Case Study: Market Analysis.  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.

COURSE LAYOUTWeek 1- Economic modellingWeek 2- Theory of consumer behaviourWeek 3- Theory of firm behaviourWeek 4- Perfect competitionWeek 5- Imperfect competitionWeek 6- Externality with special reference to environmental problemsWeek 7- Linear Programming: Basics and Applications from MicroeconomicsWeek 8- Introduction to Efficiency AnalysisWeek 9- Linear Regression AnalysisWeek 10- Application of Regression technique to solve Microeconomic problemsWeek 11- Application of Producer Theory, Theory of Cost and Valuing Public GoodWeek 12- Application: Valuing the Environmental Good