Week - 1 |
Basic concepts and definitions. |
Week - 2 |
Supply and Demand Theory and market mechanism. |
Week - 3 |
Elasticities of Supply and Demand; Understanding and prediction the effects of changing market conditions. |
Week - 4 |
Effects of government; the equation of Supply and Demand. |
Week - 5 |
Utility; The theory of consumer behavior. |
Week - 6 |
Firms and their production decisions; Costs: short run and long run costs. |
Week - 7 |
Market structure and competitive strategy:perfect competition. |
Week - 8 |
Perfect competition-2. |
Week - 9 |
Midterm Exam. |
Week - 10 |
Market power: monopoly and monopsony |
Week - 11 |
Pricing with market power. |
Week - 12 |
Oligopoly, game theory. |
Week - 13 |
Monopolistic competition. |
Week - 14 |
Markets for factor inputs; Investment, time, and capital markets. |