Intermediate Micro Economics II

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Intermediate Micro Economics – II [ECON 010] for Economics (H) Semester IV 

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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.

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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

Intermediate Micro Economics – II, UGCF, 2024, Course Introduction
Intermedite Micro Eco II, Lecture #1
Intermedite Micro Eco II, Lecture #2
Intermedite Micro Eco II, Lecture #3
General Equilibrium Lecture #1
General Equilibrium Lecture #2
General Equilibrium Lecture Numericals

Demo Test

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Exchange Test #1

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3. The Paper has ten Questions
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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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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

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

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]

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

Topics Covered

Monopoly Introduction and Features,

Barriers to Entry,

Equilibrium Under Monopoly,

Positive and Negative Effect on Marginal Revenue,

► Misunderstandings of Monopoly Markets, Absence of Supply Curve,

Lerner Index and Inverse Elasticity Rule,

Multiplant Monopoly,

Deadweight Loss under Monopoly,

Advertising in Monopoly,

Monopsony,

Regulation of Monopoly,

Questions from recent Eco (H) examinations,

Back Questions of Readings

Chapter 2 : Price Discrimination and Bundling

Duration of Video Lectures : 240 Minutes

Based Upon Chapter 11, AMG

Topics Covered

Conditions for Price Discrimination,

First Degree Price Discrimination,

Second Degree Price Discrimination,

Two Part Tariff,

Third Degree Price Discrimination,

Bundling,

Questions from recent Eco (H) examinations,

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

Based Upon Chapter 9, DSEM

Topics Covered

►Partial & General Equilibrium Meaning,

►Robinson Crusoe Economy,

►Edgeworth Box,

►Feasible Allocations, Pareto Efficient Allocations,

►Contract Curve,

►Mathematical Derivation of Pareto Efficiency,

►Gross & Net Demand,

►Walrasian Equilibrium, Walras Law,

►First Fundamental Theorem of Welfare Economics,

►Second Fundamental Theorem of Welfare Economics,

►Numerical Problems & Solutions,

Questions from recent Eco (H) examinations,

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

Topics Covered

►Meaning of Imperfect Competition,

►Measuring Market Power,

►Models of Imperfect Competition,

Oligopoly,

Bertrand Model,

Cournot Model,

►Stackleberg Model of Sequential Quantity Competition,

Price Leadership,

►Product Differentiation,

►Cartels and Collusion,

Questions from recent Eco (H) examinations,

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

Topics Covered

Externality Meaning,

Consumption Externality,

Production Externality,

Market Inefficiencies under externalities, Social & Private Costs,

Pigou Tax, Quasi Linear Preferences & Coase Theorem,

Market Creation and Other Solutions,

Tragedy of Commons,

Questions from recent Eco (H) examinations,

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

Topics Covered

Meaning of Public Goods,

Necessary & Sufficient Conditions for Public Goods Provision,

The Free Rider Problem,

Levels of Public Goods,

Inefficiency of Market Equilibrium,

Lindahl Taxes,

Questions from recent Eco (H) examinations,

Back Questions of Readings

Previous Year Papers (PYQ’s)

Eco (H) IV Sem : 2022

Number Video Lectures : 6

Duration of Video Lectures : 125 Minutes

Eco (H) IV Sem : 2021

Number Video Lectures : 5

Duration of Video Lectures : 110 Minutes

Eco (H) IV Sem : 2019

Number Video Lectures : 4

Duration of Video Lectures : 160 Minutes

Eco (H) IV Sem : 2018

Number Video Lectures : 4

Duration of Video Lectures : 155 Minutes

Eco (H) IV Sem : 2017

Number Video Lectures : 2

Duration of Video Lectures : 170 Minutes