Intermediate Microeconomics – I [ECON 007]

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BA Economics (H) Semester III

Intermediate Micro Economics - I ( ECON - 007 )

Join Best Online Coaching for Intermediate Micro Economics – I (Econ – 007) for BA Economics (H) Semester III, Delhi University 2026Ā at Prime Academy under the guidance of our highly experieced teacher Mr. Dheeraj Suri, (an expert faculty teaching Economics for over 25 years).

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The Intermediate Micro Economics – I ( ECON – o07) Course for BA Economics (H) 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 55 Hours.

You Will Get :

  • šŸ’»šŸŽ„Ā  Ā Full Course Video Lectures : Unlock the ultimate learning experience with our Full Course Video Lectures that explain every concept clearly and in depth. Our video lectures cover everything ā€”

Ā  Ā  Ā  Ā āœ…Ā  All theory portions explained in detail
Ā  Ā  Ā  Ā āœ…Ā  Complete solutions for end-of-chapter questions
Ā  Ā  Ā  Ā āœ…Ā  Fully solved previous year papers
Ā  Ā  Ā  Ā āœ…Ā  A huge collection of numerical problems for thorough practice

  • šŸ“šĀ  Ā PDF Notes : Youā€™ll also get Complete Study Material (PDF Notes) packed with:

Ā  Ā  Ā  Ā āœ…Ā  Key concepts explained in simple language

Ā  Ā  Ā  Ā āœ…Ā  Previous Year Questions from Last 20 Year Papers

Ā  Ā  Ā  Ā āœ…Ā  Practice Numericals & MCQs

Ā  Ā  Ā  Ā āœ…Ā  A curated list of Important Questions for your exams

  • āœšŸ»Ā  Live Online Classes : Stay on top of your preparation with Live Online Doubt-Solving Sessions with expert faculty at least twice a week, ensuring you never stay stuck.

  • āœļøšŸ“–Ā  Ā Online Discussion Forum : Engage with peers and mentors in our Online Discussion Forum ā€” post queries, share ideas, and learn together.

  • šŸ“Ā  Mock Test : Test yourself with Regular Mock Tests hosted right on our website to track your progress and improve consistently.

  • āœšŸ»Comprehensive Coverage of Syllabus and Exam Oriented PreparationĀ 

šŸŽÆĀ  This online coaching platform aims to provide a supportive and engaging learning environment for students to achieve academic success and excel in their Economics (Honours) program.

Recomended Readings

1. Varian, Hal (2010): Intermediate Microeconomics: A Modern Approach, 8th edition, Affiliated East West Press (India).
2. Serrano, Roberto and Feldman, Alan (2012), A short course in intermediate Microeconomics with Calculus, Cambridge University Press
3. Workouts in Intermediate Microeconomics – A Modern Approach, 8th edition, WW Norton & Co.

Click Here for Reading List of Intermediate Micro Economics – I

Fee Structure

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Demo Lectures

Intermediate Micro EconomicsĀ  – I (Econ – 007) Introduction Video

Chapter 1 : Budget Constraint

Important Topics

Lecture 1 : Budget Constraint (Introduction)

Lecture 2 : Budget Constraint (Pivot & Shift)

Lecture 3 : Theory Questions on Pivot & Shift

Lecture 4 : Theory Questions on Pivot & Shift

Lecture 5 : Numerical Problems on Budget Constraint

Chapter 2 : Preferences

Lecture 1 : Preferences

Chapter 3 : Utility

Lecture 1 : Utility Functions

Lecture 2 : Utility Functions (Numerical Problems)

Previous Year Questions (PYQ’s)

PYQ 2025 Q1(a)

PYQ 2024 Q1

PYQ 2024 Q2

PYQ 2023 Q1

PYQ 2023 Q4

PYQ 2021 Q1

PYQ 2020 Q1

PYQ 2020 Q2

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PDF Notes

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Ā These PDF Notes are only for Demo

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Exam Pattern

Question Paper will be of 90 Marks

Suggested Weightage for each unit in the final examination

Unit I : 50%
Unit II : 20%
Unit III : 30%

ā€¢ The divison is flexible plus/minus 5 percentage points of the marks can be done in each unit.

ā€¢ It is also suggested that the question paper may have three sections (one for each unit) with internal choice between questions in each section

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Till end of Semester III Exams

Intermediate Micro Economics - I

Previous Year Question Papers (PYQ's)
2025 Paper
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2024 Paper
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2023 Paper
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Course Content of Our Video Lectures
Lectures are as per Latest Syllabus for UGCF 2026

Unit I : Consumer Behaviour

Chapter 1 : Budget Constraint

Number Video Lectures : 11

Duration of Video Lectures : 331 Minutes

Based Upon Chapter 2 Hal Varian

Topics Covered

ā–ŗBudget Constraint, Budget Set, Budget Line, Properties of Budget Line,

ā–ŗPivot & Shift in the Budget Line,

ā–ŗThe Numeraire,

ā–ŗTaxes, Subsidies and Rationing,

ā–ŗKink in the Budget Line,

ā–ŗFood Stamp Program,

ā–ŗOdd Budget Constraints, Intertemporal Budget Line,

ā–ŗBudget Constraint Theory Questions & Numericals,

ā–ŗQuestions from Recent Eco (H) Examinations,

ā–ŗHal Varian Back Questions,

ā–ŗSerrano Feldman Back Questions,

Chapter 2 : Prefernces

Number Video Lectures : 8

Duration of Video Lectures : 230 Minutes

Based Upon Chapter 3 Hal Varian

Topics Covered

ā–ŗPreferences, Assumptions on Prefrences,

ā–ŗIndifference Curves, Goods, Bads & Neuters,

ā–ŗWell Behaved Preferences,

ā–ŗMarginal Rate of Substitution,

ā–ŗPreferences Theory Questions & Numericals,

ā–ŗQuestions from Recent Eco (H) Examinations,

ā–ŗHal Varian Back Questions,

ā–ŗSerrano Feldman Back Questions,

Chapter 3 : Utility

Number Video Lectures : 13

Duration of Video Lectures : 370 Minutes

Based Upon Chapter 4 Hal Varian

Topics Covered

ā–ŗUtility, Ordinal & Cardinal Utility,

ā–ŗMonotonic Transformation,

ā–ŗUtility Functions,

ā–ŗCobb-Douglas utility function, Perfect Substitutes, Perfect Compliments, Quasi Linear Preferences,

ā–ŗMarginal Utility & MRS,

ā–ŗUtility Theory Questions & Numericals

ā–ŗQuestions from Recent Eco (H) Examinations,

ā–ŗHal Varian Back Questions,

ā–ŗSerrano Feldman Back Questions

Chapter 4 : Choice

Number Video Lectures : 13

Duration of Video Lectures : 419 Minutes

Based Upon Chapter 5 Hal Varian

Topics Covered

ā–ŗConsumer’s Optimal Choice,

ā–ŗConsumer’s Equilibrium by Brute Force method, Graphical method, Lagrange Multipliers method

ā–ŗConsumer’s Optimal Choice for Cobb-Douglas Preferences, Quasi linear preferences, Kinked IC’s, Perfect Substitutes, Discrete Goods,

ā–ŗConsumer Preferences with Kinked Budget Line,

ā–ŗChoosing Taxes,

ā–ŗIndirect Utility Function, Marginal Utility of Income,

ā–ŗChoice Theory Questions & Numericals

ā–ŗQuestions from Recent Eco (H) Examinations,

ā–ŗHal Varian Back Questions,

ā–ŗSerrano Feldman Back Questions

Chapter 5 : Demand Functions

Number Video Lectures : 11

Duration of Video Lectures : 454 Minutes

Based Upon Chapter 6 Hal Varian

Topics Covered

ā–ŗDemand Functions, Normal & Inferior Goods,

ā–ŗDemand as a function of Income,

ā–ŗIncome Offer Curves & Engel Curves,

ā–ŗIncome Offer Curve & Engel Curve for Cobb-Douglas Preferences, Quasi linear preferences, Kinked IC’s, Perfect Substitutes,

ā–ŗHomothetic Preferences,

ā–ŗDemand as a function of Price,

ā–ŗOrdinary Goods & Giffen Goods,

ā–ŗThe Price Offer Curve & Demand Curve,

ā–ŗPrice Offer Curve & Demand Curve for Cobb-Douglas Preferences, Quasi linear preferences, Kinked IC’s, Perfect Substitutes,

ā–ŗThe Inverse Demand Function,

ā–ŗDemand as a function of Price of Other Good, Substitutes & Compliments,

ā–ŗDemand Theory Questions & Numericals

ā–ŗQuestions from Recent Eco (H) Examinations,

ā–ŗHal Varian Back Questions,

ā–ŗSerrano Feldman Back Questions

This Chapter (Revealed Preferences) is not a part of current syllabus, it is added here for better understanding of the remianing chapters

Chapter 6 : Revealed Preferences

Number Video Lectures : 2

Duration of Video Lectures : 111 Minutes

Based Upon Chapter 7 Hal Varian

Topics Covered

ā–ŗThe Idea of Revealed Preferences,

ā–ŗWeak Axiom of Revealed Preferences,

ā–ŗStrong Axiom of Revealed Preferences,

Chapter 7 : Slutsky Equation

Number Video Lectures : 18

Duration of Video Lectures : 786 Minutes

Based Upon Chapter 8 Hal Varian

Topics Covered

ā–ŗDecomposition of Price Effect into Substitution and Income Effects,

ā–ŗSlutsky Method of Decomposing Price Effect,

ā–ŗThe Compensated Demand Curve, Rebating a Small Tax,

ā–ŗRelationship between Elasticity of Demand & Expenditure,

ā–ŗHicksian Method of Decomposing Price Effect, Kaldor Variant,

ā–ŗThe Market Demand Curve,

ā–ŗSpecific versus Lump sum Tax, Compensating Variation & Equivalent variation,

ā–ŗTheory Questions & Numerical Questions on Slutsky & Hicksian Decomposition,

ā–ŗQuestions from Recent Eco (H) Examinations,

ā–ŗHal Varian Back Questions,

ā–ŗSerrano Feldman Back Questions

Chapter 8 : Buying & Selling

Number Video Lectures : 8

Duration of Video Lectures : 443 Minutes

Based Upon Chapter 9 Hal Varian

Topics Covered

ā–ŗNet & Gross Demand, The Budget Constraint with Endowment,

ā–ŗEffect of Changing the Endowmwnt on Budget Line,

ā–ŗEffect of Price Change on the Consumer’s Equilibrium,

ā–ŗOffer Curves & Demand Curves,

ā–ŗSlutsky Equation Revisited,

ā–ŗThe Supply of Labour,

ā–ŗChoice between Consumption & Leisure,

ā–ŗSubstitution and Income Effects in Labour Supply,

ā–ŗBackward Bending Labour Supply Curve,

ā–ŗBudget Constraint with Non-labour Income, Unemployment Benefits, Overtime,

ā–ŗTaxing the Consumer’s Wages,

ā–ŗTheory Questions & Numerical Questions on Buying & Selling,

ā–ŗQuestions from Recent Eco (H) Examinations,

ā–ŗHal Varian Back Questions,

ā–ŗSerrano Feldman Back Questions

Unit II : Decision Making under Uncertainty

Chapter 9 : Choice under Uncertainty

Number Video Lectures : 7

Duration of Video Lectures : 250 Minutes

Based Upon Chapter 12 Hal Varian

Topics Covered

ā–ŗRisk & Uncertainty,

ā–ŗExpected Value & Variance,

ā–ŗExpected Utility,

ā–ŗRisk Attitudes, Risk Aversion, Risk Loving, Risk Neutrality,

ā–ŗRisk Premium, Certainty Equivalent,

ā–ŗInsurance,

ā–ŗArrow Pratt Coefficient of Absolute Risk Aversion,

ā–ŗRisk Spreading,

ā–ŗQuestions from Recent Eco (H) Examinations,

ā–ŗHal Varian Back Questions,

Unit III : Producer Behaviour & Markets

Chapter 10 : Theory of Firm : The Single Input Model

Number Video Lectures : 7

Duration of Video Lectures : 220 Minutes

Based Upon Chapter 8 Roberto Serrano & Allan M. Feldman

Topics Covered

ā–ŗProduction Meaning,

ā–ŗThe Production Function,

ā–ŗPrice or Market Constraints,

ā–ŗProfit, Total Cost, Average Cost, Marginal Cost,

ā–ŗProfit Maximization with Output as Choice Variable,

ā–ŗThe Competitive Firm’s Problem,

ā–ŗProfit Maximization with Input as Choice Variable,

ā–ŗQuestions from Recent Eco (H) Examinations,

ā–ŗSerrano Feldman Back Questions

Chapter 11 : Theory of Firm : The Long Run Multiple Input Model

Number Video Lectures : 10

Duration of Video Lectures : 320 Minutes

Based Upon Chapter 9 Roberto Serrano & Allan M. Feldman

Topics Covered

ā–ŗThe Production Function in the Long Run,

ā–ŗIsoquants,

ā–ŗTechnical Rate of Substitution,

ā–ŗReturns to Scale,

ā–ŗCost Minimization in the Long Run, Relation between Long run Cost curves & Returns to Scale,

ā–ŗProfit Maximizing in the Long Run,

ā–ŗReturns to Scale & Long Run Supply,

ā–ŗQuestions from Recent Eco (H) Examinations,

ā–ŗSerrano Feldman Back Questions

Chapter 12 : Theory of Firm : The Short Run Multiple Input Model

Number Video Lectures : 5

Duration of Video Lectures : 150 Minutes

Based Upon Chapter 10 Roberto Serrano & Allan M. Feldman

Topics Covered

ā–ŗThe Production Function in the Short Run,

ā–ŗCost Minimization in the Short Run,

ā–ŗProfit Maximization in the Short Run,

ā–ŗQuestions from Recent Eco (H) Examinations,

ā–ŗSerrano Feldman Back Questions

Solutions of Previous Year Papers

2025 Paper

Duration of Lectures : 150 Minutes

2024 Paper

Duration of Lectures : 130 Minutes

2023 Paper

Duration of Lectures : 120 Minutes

2022 Paper

Duration of Lectures : 120 Minutes

2021 Paper

Duration of Lectures : 110 Minutes

2020 Paper

Duration of Lectures : 100 Minutes

2019 Paper

Duration of Lectures : 110 Minutes

2018 Paper

Duration of Lectures : 105 Minutes

2017 Paper

Duration of Lectures : 110 Minutes

2016 Paper

Duration of Lectures : 105 Minutes