Intermediate Micro Economics I

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Welcome to Prime Academy Delhi

For getting access of recorded video lectures of Intermediate Micro Economics – I for Economics (H) Semester III you need to register yourself at our website

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The Intermediate Micro Economics – I Course for BA (Hons) Economics Semester III, 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 50 Hours.

Course Fee : Rs. 6000

Access of Video Lectures is provided on one device, Windows Computer or Android Phone, till end of Semester III Exams.

Once You get the access you need to login and download our APP and all the lectures from your login account and play in your device.

You will Get

  • Full Course Video Lectures
  • Complete Study Material, which covers Important Questions and Questions from Previous Year Exams
  • Video Lectures Cover Theory Portions Exchaustively + Complete Solutions of Back Questions of readings + Solutions of Previous Years Papers + Large Number of Numericals
  • Live Online Doubts Sessions

Demo Lectures

Demo PDF Chapter

Pattern of the Paper

The Question Paper of 75 Marks Will Have Two Parts (Part A and Part B)

Part A Will be of 45 Marks and it is Based Upon Topic 1 

Part B Will be of 30 Marks and it is based Upon Topic 2

Course Content

Topic 1 : Consumer Theory  [45 Marks]

[Part A of Question Paper will be Based Upon this]

[You will be Required to do 3 out of 5 Questions of 15 Marks Each in Part A]

Chapter 5 : Demand

Based Upon Chapter 6 from Hal Varian

Chapter 6 : Revealed Preferences

Based Upon Chapter 7 from Hal Varian

Chapter 7 : Slutsky Equation

Based Upon Chapter 8 from Hal Varian

Chapter 8 : Buying and Selling

Based Upon Chapter 9 from Hal Varian

Chapter 9 : Intertemporal Choice

Based Upon Chapter 10 from Hal Varian

Chapter 10 : Risk and Uncertainty

Based Upon Chapter 11 from Bernheim and Whinston

Topic 2 : Production, Costs and Perfect Competition  [30 Marks]

[Part B of Question Paper will be Based Upon this]

[You will be Required to do 2 out of 3 Questions of 15 Marks Each in Part B]

Chapter 13 : Profit

Based Upon Chapter 11 from Nicholson and Snyder

Previous Year Papers

Intermediate Micro Economics I

Course Description

Course Objective

The course is designed to provide a sound training in microeconomic theory to formally analyze the behaviour of individual agents. Since students are already familiar with the quantitative techniques in the previous semesters, mathematical tools are used to facilitate understanding of the basic concepts. This course looks at the behaviour of the consumer and the producer and also covers the behaviour of a competitive firm. 

Course Learning Outcomes

The course trains the students of Economics about the basic elements  of consumer theory and production theory and the functioning of perfectly competitive market. This course aims to give students a solid grasp of microeconomic analysis at the intermediate-level using mathematical techniques where appropriate. 

Unit 1 Consumer Theory.

Preference; utility; budget constraint; choice; demand; Slutsky equation; buying and selling; choice under risk and intertemporal choice; revealed preference.

Unit 2 Production, Costs and Perfect Competition

Technology; isoquants; production with one and more variable inputs; returns to scale; short run and long run costs; cost curves in the short run and long run; review of perfect competition

References

1. Bernheim, B., Whinston, M. (2009). Microeconomics. Tata McGraw- Hill.

2. Snyder, C., Nicholson, W. (2010). Fundamentals of microeconomics. Cengage Learning.

3. Varian, H. (2010). Intermediate microeconomics: A modern approach, 8th ed. W. W. Norton.