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►Intermediate Micro Eco II

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►GE – Applied Statistics

►GE – Elements of Analysis

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.

Course Fee : Rs. 7000

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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

General Equilibrium Lecture #1

General Equilibrium Lecture #2

General Equilibrium Lecture Numericals

Demo Test

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Exchange Test #1

1. Please Read the Questions and all the options Carefully, Before Selecting Your Choice.
2. You are not Allowed to edit your answers after submission.
3. The Paper has ten Questions
4. Time Allowed is 10 Minutes.
5. It is necessary to enter your valid Email id to attempt this test.

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1 / 10

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

N - 3 markets.

N - 1 markets.

all markets.

2N markets.

N - 2 markets.

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:

cannot be a competitive equilibrium.

is a Pareto-optimal allocation.

cannot be on the contract curve.

is unattainable with current endowments.

represents the competitive equilibrium.

3 / 10

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

there are gains from trade.

they are outside the Edgeworth box.

they are an equilibrium.

they are trading.

they are happy.

4 / 10

All points on the contract curve:

are not Pareto efficient.

are Pareto improving.

are Pareto efficient.

are politically attainable.

do not maximize social welfare.

5 / 10

In a Pareto efficient equilibrium:

trying to make someone better off will make someone else worse off.

trying to make someone better off will make someone else better off.

there is a fair distribution of income.

governments collect some tax revenue.

supply equals demand.

6 / 10

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

are constant along any contract curve.

are constant along any equilibrium contract curve.

must be less than the marginal rates of substitution of the participants, unless there is a competitive equilibrium.

the incomes of the participants as well.

the initial endowments of the participants as well.

7 / 10

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

Walras' curve.

Pareto curve.

Edgeworth curve.

Contract curve.

None of the above

8 / 10

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

the equilibrium is not Pareto-optimal.

the other individual must be a net supplier of that good.

one individual's marginal rate of substitution must exceed the other individual's marginal rate of substitution.

the other individual must also be a net demander of that good.

no further exchange is possible, even with lump-sum transfers.

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 units of the first good.

50 units of the second good.

zero units of the first good.

40 units of the first good.

his initial endowment

10 / 10

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

500

120

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Demo PDF

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