As a core course of economics, intermediate microeconomics is aimed at introducing the basic concepts and tools of economics to the students. It is hoped to cultivate your economic intuition and ability to analyze economic problems in reality. Intermediate microeconomics is also a pre-course for many other courses in economics and management.
In this course, both economic theories and mathematical tools will be introduced to you in plain language. At the same time, case study will also be provided to illustrate how to apply economic theories to solve practical problems. The main contents of this course include consumer theory, producer theory, market mechanism, perfect competition market, monopoly market, oligopoly market, etc.
1.1tIntroduction to Microeconomics
1.2tMathematics for Microeconomics
Preference and Utility
2.1tPreference
2.2tUtility Function
Consumer’s Choice
3.1tBudget Constraint
3.2tConsumer’s Optimal Choice
Demand
4.1tComparative Statics Analysis of Demand
4.2tComparative Statics Analysis of Demand: Some Examples
4.3tSlutsky Equation
Market Equilibrium and Welfare
5.1tConsumer’s Welfare
5.2tMarket Demand and Elasticity
5.3tMarket Equilibrium
Production
6.1tProduction Function and Marginal Product
6.2tTechnical Rate of Substitution and Returns to Scale
Cost
7.1tCost Minimization
7.2tShort Run and Long Run Cost
Perfect Competitive Market
8.1tMarket Structure and Perfect Competition
8.2tFirm Supply
8.3tIndustry Supply
Monopoly Market
9.1tProfit Maximization of a Monopolistic Firm
9.2tMonopolistic Pricing
9.3tPrice Discrimination
Oligopoly Market
10.1t Oligopoly
10.2t Introduction to Game Theory
