Welcome to Prime Academy

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 2026 at Prime Academy under the guidance of our highly experieced teacher Mr. Dheeraj Suri, (an expert faculty teaching Economics for over 25 years).

To get access of our Online Coaching Program for Intermediate Micro Economics – I (ECON – 007) for BA Economics (H) Semester III, Delhi University 2026, you need to Subscribe our course.

If you are not registered at our website then Register Here.

(After Registration Inform us at +91 9899 192027 to get the access)

If you are already registered & have got the access then LOGIN Here to start studying

Quick Links for Intermediate Micro Economics – I

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.

💻🎥 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 —

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

📚 PDF Notes : You’ll also get Complete Study Material (PDF Notes) packed with:

✅ Key concepts explained in simple language

✅ Previous Year Questions from Last 20 Year Papers

✅ Practice Numericals & MCQs

✅ A curated list of Important Questions for your exams

✍🏻 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.
✏️📖 Online Discussion Forum : Engage with peers and mentors in our Online Discussion Forum — post queries, share ideas, and learn together.
📝 Mock Test : Test yourself with Regular Mock Tests hosted right on our website to track your progress and improve consistently.
✍🏻Comprehensive Coverage of Syllabus and Exam Oriented Preparation

🎯 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

Upon receipt of Course Fee, we will activate your account on our website.

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

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

Chapter 1 : Budget Constraint

Important Topics

Lecture 1 : Budget Constraint

Lecture 2 : 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 2024 Q1

PYQ 2024 Q2

PYQ 2023 Q1

PYQ 2023 Q4

PYQ 2021 Q1

PYQ 2020 Q1

PYQ 2020 Q2

These Lectures are only for Demo

For Complete Course Video Lectures you need to Subscribe Our Course

Contact us at +91 9899 192027 for details

Click Here for Demo PDF Study Material

These PDF Notes are only for Demo

For Complete Course PDF Notes you need to Subscribe Our Course

Contact us at +91 9899 192027 for details

Question Paper will be of 90 Marks

Suggested Weightage for each unit in the final examination

• The divison is flexible plus/minus 5 percentage points of the marks 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

1 votes, 1 avg

You must log in to pass this quiz.

These Mock Tests are only for Demo

For Complete Course Mock Test Series you need to Subscribe Our Course

Contact us at +91 9899 192027 for details

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

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

►Budget Constraint, Budget Set, Budget Line, Properties of Budget Line,

►Pivot & Shift in the Budget Line,

►The Numeraire,

►Taxes, Subsidies and Rationing,

►Kink in the Budget Line,

►Food Stamp Program,

►Odd Budget Constraints, Intertemporal Budget Line,

►Budget Constraint Theory Questions & Numericals,

►Questions from Recent Eco (H) Examinations,

►Hal Varian Back Questions,

►Serrano Feldman Back Questions,

Chapter 2 : Prefernces

Number Video Lectures : 8

Duration of Video Lectures : 230 Minutes

Based Upon Chapter 3 Hal Varian

Topics Covered

►Preferences, Assumptions on Prefrences,

►Indifference Curves, Goods, Bads & Neuters,

►Well Behaved Preferences,

►Marginal Rate of Substitution,

►Preferences Theory Questions & Numericals,

►Questions from Recent Eco (H) Examinations,

►Hal Varian Back Questions,

►Serrano Feldman Back Questions,

Chapter 3 : Utility

Number Video Lectures : 13

Duration of Video Lectures : 370 Minutes

Based Upon Chapter 4 Hal Varian

Topics Covered

►Utility, Ordinal & Cardinal Utility,

►Monotonic Transformation,

►Utility Functions,

►Cobb-Douglas utility function, Perfect Substitutes, Perfect Compliments, Quasi Linear Preferences,

►Marginal Utility & MRS,

►Utility Theory Questions & Numericals

►Questions from Recent Eco (H) Examinations,

►Hal Varian Back Questions,

►Serrano Feldman Back Questions

Chapter 4 : Choice

Number Video Lectures : 13

Duration of Video Lectures : 419 Minutes

Based Upon Chapter 5 Hal Varian

Topics Covered

►Consumer’s Optimal Choice,

►Consumer’s Equilibrium by Brute Force method, Graphical method, Lagrange Multipliers method

►Consumer’s Optimal Choice for Cobb-Douglas Preferences, Quasi linear preferences, Kinked IC’s, Perfect Substitutes, Discrete Goods,

►Consumer Preferences with Kinked Budget Line,

►Choosing Taxes,

►Indirect Utility Function, Marginal Utility of Income,

►Choice Theory Questions & Numericals

►Questions from Recent Eco (H) Examinations,

►Hal Varian Back Questions,

►Serrano 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

►Demand Functions, Normal & Inferior Goods,

►Demand as a function of Income,

►Income Offer Curves & Engel Curves,

►Income Offer Curve & Engel Curve for Cobb-Douglas Preferences, Quasi linear preferences, Kinked IC’s, Perfect Substitutes,

►Homothetic Preferences,

►Demand as a function of Price,

►Ordinary Goods & Giffen Goods,

►The Price Offer Curve & Demand Curve,

►Price Offer Curve & Demand Curve for Cobb-Douglas Preferences, Quasi linear preferences, Kinked IC’s, Perfect Substitutes,

►The Inverse Demand Function,

►Demand as a function of Price of Other Good, Substitutes & Compliments,

►Demand Theory Questions & Numericals

►Questions from Recent Eco (H) Examinations,

►Hal Varian Back Questions,

►Serrano 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

►The Idea of Revealed Preferences,

►Weak Axiom of Revealed Preferences,

►Strong 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

►Decomposition of Price Effect into Substitution and Income Effects,

►Slutsky Method of Decomposing Price Effect,

►The Compensated Demand Curve, Rebating a Small Tax,

►Relationship between Elasticity of Demand & Expenditure,

►Hicksian Method of Decomposing Price Effect, Kaldor Variant,

►The Market Demand Curve,

►Specific versus Lump sum Tax, Compensating Variation & Equivalent variation,

►Theory Questions & Numerical Questions on Slutsky & Hicksian Decomposition,

►Questions from Recent Eco (H) Examinations,

►Hal Varian Back Questions,

►Serrano 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

►Net & Gross Demand, The Budget Constraint with Endowment,

►Effect of Changing the Endowmwnt on Budget Line,

►Effect of Price Change on the Consumer’s Equilibrium,

►Offer Curves & Demand Curves,

►Slutsky Equation Revisited,

►The Supply of Labour,

►Choice between Consumption & Leisure,

►Substitution and Income Effects in Labour Supply,

►Backward Bending Labour Supply Curve,

►Budget Constraint with Non-labour Income, Unemployment Benefits, Overtime,

►Taxing the Consumer’s Wages,

►Theory Questions & Numerical Questions on Buying & Selling,

►Questions from Recent Eco (H) Examinations,

►Hal Varian Back Questions,

►Serrano 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

►Risk & Uncertainty,

►Expected Value & Variance,

►Expected Utility,

►Risk Attitudes, Risk Aversion, Risk Loving, Risk Neutrality,

►Risk Premium, Certainty Equivalent,

►Insurance,

►Arrow Pratt Coefficient of Absolute Risk Aversion,

►Risk Spreading,

►Questions from Recent Eco (H) Examinations,

►Hal 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

►Production Meaning,

►The Production Function,

►Price or Market Constraints,

►Profit, Total Cost, Average Cost, Marginal Cost,

►Profit Maximization with Output as Choice Variable,

►The Competitive Firm’s Problem,

►Profit Maximization with Input as Choice Variable,

►Questions from Recent Eco (H) Examinations,

►Serrano 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

►The Production Function in the Long Run,

►Isoquants,

►Technical Rate of Substitution,

►Returns to Scale,

►Cost Minimization in the Long Run, Relation between Long run Cost curves & Returns to Scale,

Dheeraj Suri Classes

Welcome to Prime Academy

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 2026 at Prime Academy under the guidance of our highly experieced teacher Mr. Dheeraj Suri, (an expert faculty teaching Economics for over 25 years).

To get access of our Online Coaching Program for Intermediate Micro Economics – I (ECON – 007) for BA Economics (H) Semester III, Delhi University 2026, you need to Subscribe our course.

If you are not registered at our website then Register Here.

(After Registration Inform us at +91 9899 192027 to get the access)

If you are already registered & have got the access then LOGIN Here to start studying

Quick Links for Intermediate Micro Economics – I

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.

💻🎥 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 —

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

📚 PDF Notes : You’ll also get Complete Study Material (PDF Notes) packed with:

✅ Key concepts explained in simple language

✅ Previous Year Questions from Last 20 Year Papers

✅ Practice Numericals & MCQs

✅ A curated list of Important Questions for your exams

✍🏻 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.

✏️📖 Online Discussion Forum : Engage with peers and mentors in our Online Discussion Forum — post queries, share ideas, and learn together.

📝 Mock Test : Test yourself with Regular Mock Tests hosted right on our website to track your progress and improve consistently.

✍🏻Comprehensive Coverage of Syllabus and Exam Oriented Preparation

🎯 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

Click Here for Reading List of Intermediate Micro Economics – I

Upon receipt of Course Fee, we will activate your account on our website.

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

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

Chapter 1 : Budget Constraint

Important Topics

Lecture 1 : Budget Constraint

Lecture 2 : 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 2024 Q1

PYQ 2024 Q2

PYQ 2023 Q1

PYQ 2023 Q4

PYQ 2021 Q1

PYQ 2020 Q1

PYQ 2020 Q2

These Lectures are only for Demo

For Complete Course Video Lectures you need to Subscribe Our Course

Contact us at +91 9899 192027 for details

Click Here for Demo PDF Study Material

These PDF Notes are only for Demo

For Complete Course PDF Notes you need to Subscribe Our Course

Contact us at +91 9899 192027 for details

Question Paper will be of 90 Marks

Suggested Weightage for each unit in the final examination

• The divison is flexible plus/minus 5 percentage points of the marks 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

These Mock Tests are only for Demo

For Complete Course Mock Test Series you need to Subscribe Our Course

Contact us at +91 9899 192027 for details

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

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

►Budget Constraint, Budget Set, Budget Line, Properties of Budget Line,

►Pivot & Shift in the Budget Line,

►The Numeraire,

►Taxes, Subsidies and Rationing,

►Kink in the Budget Line,

►Food Stamp Program,

►Odd Budget Constraints, Intertemporal Budget Line,

►Budget Constraint Theory Questions & Numericals,

►Questions from Recent Eco (H) Examinations,

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