Intermediate Micro Economics II

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Intermediate Micro Economics – II for Economics (H) Semester IV 

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The Intermediate Micro Economics – II Course for BA (Hons) Economics Semester IV, Delhi University has been taught by Mr. Dheeraj Suri. The Video Lectures are based upon the books prescribed by the University of Delhi. The Duration of Video Lectures is approximately 55 Hours.

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  • Mock Tests at the Website
  • Video Lectures Cover Theory Portions Exchaustively + Complete Solutions of Back Questions of readings + Solutions of Previous Years Papers + Large Number of Numericals

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Demo Lectures

General Equilibrium Lecture #1
General Equilibrium Lecture #2
General Equilibrium Lecture Numericals

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Exchange Test #1

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1 / 10

Walras’ law implies that if there are N markets, we only need to find equilibrium prices in:

2 / 10

When indifference curves are smooth and convex, if two indifference curves are tangent at a point in an Edgeworth box, then that point:

3 / 10

Suppose Reeta and Shailly are at an allocation bundle where their MRS are not equal. Then:

4 / 10

All points on the contract curve:

5 / 10

In a Pareto efficient equilibrium:

6 / 10

In an exchange economy, prices determine the consumption bundles that participants can acquire and:

7 / 10

The entire set of Pareto-optimal allocation in the Edgeworth Box is called the:

8 / 10

In a competitive equilibrium in an exchange economy with two individuals, if one individual is a net demander of a good, then:

9 / 10

Suppose the total endowments of two goods are 10 and 50. If one person is consuming 10 units of the first good, the second person must be consuming:

10 / 10

Suppose the total endowments of two goods are 10 and 50. The perimeter of the Edgeworth box will be:

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Chapter-1-Exchange

Click Here for Reading List of Intermediate Micro Economics – I

Paper Pattern

The Question Paper of 75 Marks will have Two Parts (A & B)

Part A

Part A is Based Upon Unit I and Unit IV. Part A is of 37.5 Marks.

It will have 4 Questions and Students will be required to answer any 2 Questions out of those 4 Questions.

Part B

Part B is Based Upon Unit II and Unit III. Part B is of 37.5 Marks.

It will have 4 Questions and Students will be required to answer any 2 Questions out of those 4 Questions.

Course Content of our Video Lectures

Unit I

Chapter 1 : Exchange [446 Minutes]

Based Upon Hal Varian Chapter 31

Number of Lectures   9 Lectures

Total Duration   446 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   Tests

Topics Covered

►Partial & General Equilibrium Meaning,

►Edgeworth Box,

►Feasible Allocations, Pareto Efficient Allocations,

►Contract Curve,

►Mathematical Derivation of Pareto Efficiency,

►Gross & Net Demand,

►Walrasian Equilibrium,

►Walras Law,

►The Algebra of Efficiency,

►First & Second Theorem of Welfare Economics,

►Monopoly in the Edgeworth Box,

►Numerical Problems & Solutions.

Chapter 2 : Welfare [252 Minutes]

Based Upon Hal Varian Chapter 33

Number of Lectures   4 Lectures

Total Duration   252 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   Tests

Topics Covered

►Aggregation of Preferences,

►Arrows Impossibility Theorem,

►Social Welfare Functions,

►Welfare Maximization,

►Utility Possibility Frontier & Set,

►Envy & Equity,

►Fair Allocation,

►Numerical Problems & Solutions.

Chapter 3 : General Equilibrium [141 Minutes]

Based Upon Nicolson & Snyder Chapter 13

Number of Lectures   2 Lectures

Total Duration   141 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   Tests

Topics Covered

►Edgeworth Box for Production,

►Production Possibility Frontier,

►Rate of Product Transformation,

►Reasons of Concave PPF,

►Derivation of Equilibrium Prices.

Unit II

Chapter 4 : Game Theory [326 Minutes]

Based Upon Nicolson & Snyder Chapter 8

Number of Lectures   8 Lectures

Total Duration   326 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   Tests

Topics Covered

►Meaning of Game, Players, Payoff & Strategies,

►Representation of Game in Normal Form & Extensive Form,

►Nash Equilibrium,

►Prisoner’s Dilemma,

►Pure Strategy, Mixed Strategy & Dominant Strategy Nash Equilibrium,

►Battle of Sexes,

►Sequential Games,

►Backward Induction Method,

►Subgame Perfect Nash Equilibrium.

Chapter 5 : Nash Equilibrium [214 Minutes]

Based Upon Osborne Chapter 2

Number of Lectures   4 Lectures

Total Duration   214 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   Tests

Topics Covered

Prisoner’s Dilemma,

►Hermaphroditic Fish,

►Bach or Stravinski,

►Matching Pennies,

►Stag Hunt,

►Altruistic Preferences,

►Guessing Two Thirds of Average,

►Voter Participation,

►Choosing a Route,

►Best Response Functions,

Unit III

Chapter 6 : Monopoly [552 Minutes]

Based Upon Nicolson & Snyder Chapter 14

Number of Lectures   9 Lectures

Total Duration   552 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   Tests

Topics Covered

Monopoly,

Barriers to Entry,

Inverse Elasticity Rule,

Absence of Supply Curve,

Deadweight Loss under Monopoly,

First Degree Price Discrimination,

Second Degree Price Discrimination,

Third Degree Price Discrimination,

Two Part Tariff,

Regulation of Monopoly,

Chapter 7 : Imperfect Competition [515 Minutes]

Based Upon Nicolson & Snyder Chapter 15

Number of Lectures   11 Lectures

Total Duration   515 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   Tests

Topics Covered

Monopolistic Competition Meaning,

Monopolistic Versus Perfect Competition,

Oligopoly,

Bertrand Model,

Cournot Model,

Stackelberg Model,

Price Leadership,

Capacity Constraint,

Entry Deterrence,

Hoteling’s Beach,

Unit IV

Chapter 8 : Externalities [270 Minutes]

Based Upon Hal Varian Chapter 34

Number of Lectures   7 Lectures

Total Duration   270 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   Tests

Topics Covered

Consumption Externality,

Quasi Linear Preferences & Coase Theorem,

Production Externality,

Social & Private Costs,

Tragedy of Commons,

Chapter 9 : Public Goods [189 Minutes]

Based Upon Hal Varian Chapter 36

Number of Lectures   6 Lectures

Total Duration   189 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   Tests

Topics Covered

Meaning of Public Goods,

Necessary & Sufficient Conditions for Public Goods Provision,

Free Riding,

Levels of Public Goods,

Quasi Linear Preferences & Public Goods,

Chapter 10 : Asymmetric Information [228 Minutes]

Based Upon Hal Varian Chapter 37

Number of Lectures   5 Lectures

Total Duration   228 Minutes

Number of Questions in Notes   Questions

Number of MCQ Tests on this Chapter   Tests

Topics Covered

Meaning of Asymmetric Information,

Market for Lemons,

Quality Choice,

Adverse Selection,

Moral Hazard,

Signalling,

Separating & Pooling Equilibrium,

Incentive Systems,

Past Year Papers

2019 Paper [159 Minutes]

Number of Lectures   4 Lectures

Total Duration   159 Minutes

2018 Paper [154 Minutes]

Number of Lectures   4 Lectures

Total Duration   154 Minutes