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Intermediate Micro Economics – I (ECON – 007)
BA Economics (H) Semester III, UGCF 2024
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Reading List of Intermediate Micro Economics – I
The Intermediate Micro Economics – I (ECON – 007) Course for BA (Hons) Economics Semester III, UGCF 2025, 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 60 Hours.
Access of Video Lectures is provided on any one of the following devices:
Windows Computer or Laptop, or
Android Phone or Tablet, or
Apple Iphone or Ipad, or
Apple Macbook,
till end of Semester III Exams.
Early Bird Discounted Fee Structure :
Dheeraj Suri Classes
| Single Device | Two Devices | Three Devices | Four Devices | |
|---|---|---|---|---|
| Single Subject | Rs. 5,000 | Rs. 6,000 | Rs. 7,000 | Rs. 8,000 |
| Two Subjects | Rs. 9,500 | Rs. 11,000 | Rs. 13,000 | Rs. 15,000 |
| Three Subjects | Rs. 12,000 | Rs. 16,000 | Rs. 18,000 | Rs. 20,000 |
| Four Subjects | Rs. 15,000 | Rs. 20,000 | Rs. 23,100 | Rs. 26,000 |
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You will get :
â–ºFull Course Video Lectures
►Complete Study Material (PDF Notes) which includes Concepts, Previous Year Questions, Numerical Questions, MCQ’s and Important Questions
â–ºLive Online Doubts Sessions with Expert Faculty (at least twice a week) for resolution of Doubts
â–ºOnline Discussion Forum to Post Your Queries to Discuss with Faculty & other fellow Students
â–ºMock Tests at the Website for regular assessment and progress tracking
â–ºVideo Lectures Cover Theory Portions Exhaustively + Complete Solutions of Back Questions of Readings + Solutions of Previous Years Papers + Large Number of Numericals
â–ºComprehensive Coverage of Syllabus and Exam Oriented Preperation
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.
Recommended Readings
â–ºVarian, Hal (2010): Intermediate Microeconomics: A Modern Approach, 8th edition, Affiliated East West Press (India).
â–ºSerrano, Roberto and Feldman, Alan (2012), A short course in intermediate Microeconomics with Calculus, Cambridge University Press
â–ºWorkouts in Intermediate Microeconomics- A Modern Approach, 8th edition, WW Norton & Co.
Demo Lectures
Course Introduction
Chapter 1 : Budget Constraint
Chapter 2 : Preferences
Chapter 3 : Utility
Previous Year Question Papers : PYQ’s
You Tube Shorts
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Demo PDF Notes
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Demo Quiz
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Exam Pattern
The Question Paper will be of 90 Marks
Suggested Weigtage for each Unit in the final Examination
Unit I : 50%
Unit II : 20%
Unit III : 30%
This division is flexible and plus/minus 5 percentage points of the marks and can be done in each unit.
It is also suggested that the question paper may have three sections (one for each Unit) with internal choice between questions in each section.
Course Content of Our Video Lectures
Lectures are Strictly as per Latest Syllabus for UGCF 2025
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
â–ºBudget Constraint, Budget Set, Budget Line, Properties of Budget Line,
â–ºPivot & Shift in the Budget Line,
â–ºThe Numeraire,
â–ºTaxes, Subsidies and Rationing,
â–ºKink in the Budget Line,
â–ºFood Stamp Program,
â–ºOdd Budget Constraints, Intertemporal Budget Line,
â–ºBudget Constraint Theory Questions & Numericals,
â–ºQuestions from Recent Eco (H) Examinations,
â–ºHal Varian Back Questions,
â–ºSerrano Feldman Back Questions,
Chapter 2 : Prefernces
Number Video Lectures : 8
Duration of Video Lectures : 230 Minutes
Based Upon Chapter 3 Hal Varian
Topics Covered
â–ºPreferences, Assumptions on Prefrences,
â–ºIndifference Curves, Goods, Bads & Neuters,
â–ºWell Behaved Preferences,
â–ºMarginal Rate of Substitution,
â–ºPreferences Theory Questions & Numericals,
â–ºQuestions from Recent Eco (H) Examinations,
â–ºHal Varian Back Questions,
â–ºSerrano Feldman Back Questions,
Chapter 3 : Utility
Number Video Lectures : 13
Duration of Video Lectures : 370 Minutes
Based Upon Chapter 4 Hal Varian
Topics Covered
â–ºUtility, Ordinal & Cardinal Utility,
â–ºMonotonic Transformation,
â–ºUtility Functions,
â–ºCobb-Douglas utility function, Perfect Substitutes, Perfect Compliments, Quasi Linear Preferences,
â–ºMarginal Utility & MRS,
â–ºUtility Theory Questions & Numericals
â–ºQuestions from Recent Eco (H) Examinations,
â–ºHal Varian Back Questions,
â–ºSerrano Feldman Back Questions
Chapter 4 : Choice
Number Video Lectures : 13
Duration of Video Lectures : 419 Minutes
Based Upon Chapter 5 Hal Varian
Topics Covered
â–ºConsumer’s Optimal Choice,
â–ºConsumer’s Equilibrium by Brute Force method, Graphical method, Lagrange Multipliers method
â–ºConsumer’s Optimal Choice for Cobb-Douglas Preferences, Quasi linear preferences, Kinked IC’s, Perfect Substitutes, Discrete Goods,
â–ºConsumer Preferences with Kinked Budget Line,
â–ºChoosing Taxes,
â–ºIndirect Utility Function, Marginal Utility of Income,
â–ºChoice Theory Questions & Numericals
â–ºQuestions from Recent Eco (H) Examinations,
â–ºHal Varian Back Questions,
â–ºSerrano 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
â–ºDemand Functions, Normal & Inferior Goods,
â–ºDemand as a function of Income,
â–ºIncome Offer Curves & Engel Curves,
â–ºIncome Offer Curve & Engel Curve for Cobb-Douglas Preferences, Quasi linear preferences, Kinked IC’s, Perfect Substitutes,
â–ºHomothetic Preferences,
â–ºDemand as a function of Price,
â–ºOrdinary Goods & Giffen Goods,
â–ºThe Price Offer Curve & Demand Curve,
â–ºPrice Offer Curve & Demand Curve for Cobb-Douglas Preferences, Quasi linear preferences, Kinked IC’s, Perfect Substitutes,
â–ºThe Inverse Demand Function,
â–ºDemand as a function of Price of Other Good, Substitutes & Compliments,
â–ºDemand Theory Questions & Numericals
â–ºQuestions from Recent Eco (H) Examinations,
â–ºHal Varian Back Questions,
â–ºSerrano 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
â–ºThe Idea of Revealed Preferences,
â–ºWeak Axiom of Revealed Preferences,
â–ºStrong 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
â–ºDecomposition of Price Effect into Substitution and Income Effects,
â–ºSlutsky Method of Decomposing Price Effect,
â–ºThe Compensated Demand Curve, Rebating a Small Tax,
â–ºRelationship between Elasticity of Demand & Expenditure,
â–ºHicksian Method of Decomposing Price Effect, Kaldor Variant,
â–ºThe Market Demand Curve,
â–ºSpecific versus Lump sum Tax, Compensating Variation & Equivalent variation,
â–ºTheory Questions & Numerical Questions on Slutsky & Hicksian Decomposition,
â–ºQuestions from Recent Eco (H) Examinations,
â–ºHal Varian Back Questions,
â–ºSerrano 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
â–ºNet & Gross Demand, The Budget Constraint with Endowment,
â–ºEffect of Changing the Endowmwnt on Budget Line,
â–ºEffect of Price Change on the Consumer’s Equilibrium,
â–ºOffer Curves & Demand Curves,
â–ºSlutsky Equation Revisited,
â–ºThe Supply of Labour,
â–ºChoice between Consumption & Leisure,
â–ºSubstitution and Income Effects in Labour Supply,
â–ºBackward Bending Labour Supply Curve,
â–ºBudget Constraint with Non-labour Income, Unemployment Benefits, Overtime,
â–ºTaxing the Consumer’s Wages,
â–ºTheory Questions & Numerical Questions on Buying & Selling,
â–ºQuestions from Recent Eco (H) Examinations,
â–ºHal Varian Back Questions,
â–ºSerrano 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
â–ºRisk & Uncertainty,
â–ºExpected Value & Variance,
â–ºExpected Utility,
â–ºRisk Attitudes, Risk Aversion, Risk Loving, Risk Neutrality,
â–ºRisk Premium, Certainty Equivalent,
â–ºInsurance,
â–ºArrow Pratt Coefficient of Absolute Risk Aversion,
â–ºRisk Spreading,
â–ºQuestions from Recent Eco (H) Examinations,
â–ºHal 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
â–ºProduction Meaning,
â–ºThe Production Function,
â–ºPrice or Market Constraints,
â–ºProfit, Total Cost, Average Cost, Marginal Cost,
â–ºProfit Maximization with Output as Choice Variable,
â–ºThe Competitive Firm’s Problem,
â–ºProfit Maximization with Input as Choice Variable,
â–ºQuestions from Recent Eco (H) Examinations,
â–ºSerrano 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
â–ºThe Production Function in the Long Run,
â–ºIsoquants,
â–ºTechnical Rate of Substitution,
â–ºReturns to Scale,
â–ºCost Minimization in the Long Run, Relation between Long run Cost curves & Returns to Scale,
â–ºProfit Maximizing in the Long Run,
â–ºReturns to Scale & Long Run Supply,
â–ºQuestions from Recent Eco (H) Examinations,
â–ºSerrano 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
â–ºThe Production Function in the Short Run,
â–ºCost Minimization in the Short Run,
â–ºProfit Maximization in the Short Run,
â–ºQuestions from Recent Eco (H) Examinations,
â–ºSerrano Feldman Back Questions
Solutions of Previous Year Papers
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
Syllabus Prescribed by DU
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Economics (H) Semester III [ UGCF 2025 ]
Video Lectures, PDF Notes, Mock Tests & Live Doubt Sessions are offered for the following Subjects for BA (Hons) Economics Semester III, Delhi University