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 |
The Theory of Consumer Behaviour: Preferences and Utility |
Week - 5 |
The theory of consumer behavior: Indifference Curves and Budget Sets |
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 |
Monopoly and Monopsony |
Week - 10 |
Monopoly and monopsony continued. |
Week - 11 |
Pricing with market power. |
Week - 12 |
Oligopoly |
Week - 13 |
Monopolistic competition. |
Week - 14 |
Markets for factor inputs; Investment, time, and capital markets. |