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**The Intermediate Micro Economics – II [ECON 010] 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.**

**Course Fee : Rs. 7000**

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**till end of Semester IV Exams.**

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**Full Course Video Lectures****Complete Study Material (PDF Notes) which includes Concepts, Previous Year Questions, Numerical Questions, MCQ’s and Important Questions****Online Discussion Forum to Post Your Queries to Discuss with Faculty & other fellow Students****Live online Doubts Sessions for resolution of Doubts****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**

## Demo Test

**Click here for PDF of Chapter 1**

**Click Here for Reading List of Intermediate Micro Economics – II**

**Exam Pattern**

**The Question Paper will be of 90 Marks**

**Suggested weightage for each unit in the final examination**

**Unit I : 20%**

**Unit II : 30%**

**Unit III : 10%**

**Unit IV : 20%**

**Unit V : 20%**

**The division is flexible and plus/minus 5 percentage points of the marks can be done in each unit**

**Paper Pattern**

**Question paper can have**

**Either**

**Two compulsory questions and Five questions out of which students can do any three questiona (with equal weigtage to all questions)**

**Or**

**Seven Questions out of which students can do any Five questions (with equal weigtage to all questions)**

**Recommended Readings**

**►**Serrano, Roberto and Feldman, Alan (2012), A short course in intermediate Microeconomics with Calculus, Cambridge University Press

**Serrano, Roberto and Feldman, Alan (2012), A short course in intermediate Microeconomics with Calculus, Cambridge University Press**

**►****►Espinola-Arredondo, Ana and Munoz-Garaia, Felix (2020), Intermediate Microeconomic Theory, MITPress.**

**►**Munoz-Garaia, Felix (2017) Practice Exercises for Advanced Microeconomic Theory, MIT Press.

**Munoz-Garaia, Felix (2017) Practice Exercises for Advanced Microeconomic Theory, MIT Press.**

**►****►**Dunaway, Eric; Strandholm, John C., Espinola-Arredondo, Ana and Munoz-Garcia, Felix (2020) Practice Exercises for Intermediate Microeconomic Theory, MIT press. [DSEM]

**►**Dunaway, Eric; Strandholm, John C., Espinola-Arredondo, Ana and Munoz-Garcia, Felix (2020) Practice Exercises for Intermediate Microeconomic Theory, MIT press. [DSEM]

**Course Content of our Video Lectures**

**Lectures are Strictly as per Latest Syllabus for UGCF 2024**

**Unit I : Monopoly**

**Approximate Weightage : 20 Percent (Plus/Minus 5%)**

**Chapter 1 : Monopoly**

**Duration of Video Lectures : 200 Minutes**

**Based Upon Chapter 10, ****AMG**

**AMG**

**Topics Covered**

**► ****Monopoly Introduction and Features,**

**►**

**Monopoly Introduction and Features,****► ****Barriers to Entry,**

**►**

**Barriers to Entry,****► ****Equilibrium Under Monopoly,**

**►**

**Equilibrium Under Monopoly,****► ****Positive and Negative Effect on Marginal Revenue,**

**►**

**Positive and Negative Effect on Marginal Revenue,****► Misunderstandings of Monopoly Markets, ****Absence of Supply Curve,**

**► Misunderstandings of Monopoly Markets,**

**Absence of Supply Curve,****► ****Lerner Index and Inverse Elasticity Rule,**

**►**

**Lerner Index and Inverse Elasticity Rule,****► ****Multiplant Monopoly,**

**►**

**Multiplant Monopoly,****► ****Deadweight Loss under Monopoly,**

**►**

**Deadweight Loss under Monopoly,****► ****Advertising in Monopoly,**

**►**

**Advertising in Monopoly,****► ****Monopsony,**

**►**

**Monopsony,****► ****Regulation of Monopoly,**

**►**

**Regulation of Monopoly,****► ****Questions from recent Eco (H) examinations,**

**►**

**Questions from recent Eco (H) examinations,****► ****Back Questions of Readings**

**►**

**Back Questions of Readings****Chapter 2 : Price Discrimination and Bundling**

**Duration of Video Lectures : 240 Minutes**

**Based Upon Chapter 11, ****AMG**

**AMG**

**Topics Covered**

**► ****Conditions for Price Discrimination,**

**►**

**Conditions for Price Discrimination,****► ****First Degree Price Discrimination,**

**►**

**First Degree Price Discrimination,****► ****Second Degree Price Discrimination,**

**►**

**Second Degree Price Discrimination,****► ****Two Part Tariff,**

**►**

**Two Part Tariff,****► ****Third Degree Price Discrimination,**

**►**

**Third Degree Price Discrimination,****► ****Bundling,**

**►**

**Bundling,****► ****Questions from recent Eco (H) examinations,**

**►**

**Questions from recent Eco (H) examinations,****► ****Back Questions of Readings**

**►**

**Back Questions of Readings****Unit II : General Equilibrium**

**Approximate Weightage : 30 Percent (Plus/Minus 5%)**

**Chapter 3 : An Exchange Economy**

**Duration of Video Lectures : 446 Minutes**

**Based Upon Chapter 15, ****Roberto Serrano & Allan M. Feldman**

**Roberto Serrano & Allan M. Feldman**

**Based Upon Chapter 9, ****DSEM**

**DSEM**

**Topics Covered**

**►Partial & General Equilibrium Meaning,**

**►Partial & General Equilibrium Meaning,**

**►Robinson Crusoe Economy,**

**►Robinson Crusoe Economy,**

**►Edgeworth Box,**

**►Edgeworth Box,**

**►Feasible Allocations, Pareto Efficient Allocations, **

**►Feasible Allocations, Pareto Efficient Allocations,**

**►Contract Curve, **

**►Contract Curve,**

**►Mathematical Derivation of Pareto Efficiency, **

**►Mathematical Derivation of Pareto Efficiency,**

**►Gross & Net Demand, **

**►Gross & Net Demand,**

**►Walrasian Equilibrium, ****Walras Law,**

**►Walrasian Equilibrium,**

**Walras Law,****►First Fundamental Theorem of Welfare Economics, **

**►First Fundamental Theorem of Welfare Economics,**

**►Second Fundamental Theorem of Welfare Economics, **

**►Second Fundamental Theorem of Welfare Economics,**

**►Numerical Problems & Solutions,**

**►Numerical Problems & Solutions,**

**► ****Questions from recent Eco (H) examinations,**

**►**

**Questions from recent Eco (H) examinations,****► ****Back Questions of Readings**

**►**

**Back Questions of Readings****Unit III : Methods of Monopolistic Competition**

**Approximate Weightage : 10 Percent (Plus/Minus 5%)**

**Chapter 4 : Imperfect Competition**

**Duration of Video Lectures : 380 Minutes**

**Based Upon Chapter 12, ****Roberto Serrano & Allan M. Feldman**

**Roberto Serrano & Allan M. Feldman**

**Topics Covered**

**►Meaning of Imperfect Competition,**

**►Meaning of Imperfect Competition,**

**►Measuring Market Power,**

**►Measuring Market Power,**

**►Models of Imperfect Competition, **

**►Models of Imperfect Competition,**

**► ****Oligopoly,**

**►**

**Oligopoly,****► ****Bertrand Model,**

**►**

**Bertrand Model,****► ****Cournot Model,**

**►**

**Cournot Model,****►Stackleberg Model of Sequential Quantity Competition,**

**►Stackleberg Model of Sequential Quantity Competition,**

**► ****Price Leadership,**

**►**

**Price Leadership,****►Product Differentiation,**

**►Product Differentiation,**

**►Cartels and Collusion, **

**►Cartels and Collusion,**

**► ****Questions from recent Eco (H) examinations,**

**►**

**Questions from recent Eco (H) examinations,****► ****Back Questions of Readings**

**►**

**Back Questions of Readings****Unit IV : Externalities**

**Approximate Weightage : 20 Percent (Plus/Minus 5%)**

**Chapter 5 : Externalities**

**Duration of Video Lectures : 270 Minutes**

**Based Upon Chapter 17, ****AMG**

**AMG**

**Topics Covered**

**► ****Externality Meaning,**

**►**

**Externality Meaning,****► ****Consumption Externality,**

**►**

**Consumption Externality,****► ****Production Externality,**

**►**

**Production Externality,****► ****Market Inefficiencies under externalities, Social & Private Costs,**

**►**

**Market Inefficiencies under externalities, Social & Private Costs,****► ****Pigou Tax, Quasi Linear Preferences & Coase Theorem,**

**►**

**Pigou Tax, Quasi Linear Preferences & Coase Theorem,****► ****Market Creation and Other Solutions,**

**►**

**Market Creation and Other Solutions,****► ****Tragedy of Commons,**

**►**

**Tragedy of Commons,****► ****Questions from recent Eco (H) examinations,**

**►**

**Questions from recent Eco (H) examinations,****► ****Back Questions of Readings**

**►**

**Back Questions of Readings****Unit V : Public Goods**

**Approximate Weightage : 20 Percent (Plus/Minus 5%)**

**Chapter 6 : Public Goods**

**Duration of Video Lectures : 141 Minutes**

**Based Upon Chapter 18, ****Roberto Serrano & Allan M. Feldman**

**Roberto Serrano & Allan M. Feldman**

**Topics Covered**

**► ****Meaning of Public Goods,**

**►**

**Meaning of Public Goods,****► ****Necessary & Sufficient Conditions for Public Goods Provision,**

**►**

**Necessary & Sufficient Conditions for Public Goods Provision,****► ****The Free Rider Problem,**

**►**

**The Free Rider Problem,****► ****Levels of Public Goods,**

**►**

**Levels of Public Goods,****► ****Inefficiency of Market Equilibrium,**

**►**

**Inefficiency of Market Equilibrium,****► ****Lindahl Taxes,**

**►**

**Lindahl Taxes,****► ****Questions from recent Eco (H) examinations,**

**►**

**Questions from recent Eco (H) examinations,****► ****Back Questions of Readings**

**►**

**Back Questions of Readings**