Introductory Micro Economics - Dheeraj Suri Classes

Welcome to Prime Academy Delhi

For getting access of recorded video lectures of

Introductory Micro Economics (ECON 001) for Economics (H) Semester I, UGCF, University of Delhi, you need to subscribe our course.

If you are not registered at our website then Register Here

(After registration please inform us at +91 9899 192027 to get the access)

If you are already registered and have Got the access then Login to watch the Lectures

Quick Links

►Introductory Micro Economics

►Mathematical Methods for Economics – I

►Introductory Statistics for Economics

►GE Calculus

►GE Statistical Methods

The Introductory Micro Economics (ECON 001) Course for BA (Hons) Economics Semester I, UGCF, 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 26 Hours.

Course Fee : Rs. 7000

Access of Video Lectures is provided on one device, Windows Computer or Android Phone, till end of Semester I 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 (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

On Payment of Fee we will create your account on our website & you need to login and download all the lectures & our APP through that login account

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

Payment Details

To purchase any course you need to transfer the amount either through Google Pay or PhonePe at 9811261671 or Paytm at 9899192027 or Transfer through net banking IMPS into the following account

Account Details

Dheeraj Suri

Saving Account Number

392010100053871

Axis Bank, Model Town Branch

Delhi – 110009

IFS Code : UTIB0000392

Payment App Details

GPay Number : +91 9811261671

PhonePe Number : +91 9811261671

Paytm Number : 9899192027

After transfer update us with payment details through Whatsapp at +91 9899192027

Exam Pattern

Internal Assessment – 25 Marks, Final Examination – 75 Marks

Suggested Weightage for each unit in the final Examination

Unit 1 – 15 Marks

Unit 2 – 40 Marks

Unit 3 – 15 Marks

Unit 4 – 5 Marks

This Division is flexible and plus/minus 10% of the marks and can be done in each unit, given the total 75.

Suggested Readings

[ALL] Acemoglu, D., Laibson, D., & List, J. (2017). Microeconomics, Pearson

[DS] Dixit, A.K., & Skeath, S. (2015). Games of Strategy: Fourth International Student Edition. WW Norton & Company.

Click Here for Reading List

Click Here for Demo PDF of Study Material

Demo Lectures

Introductory Micro Eco Class #1

Introductory Micro Eco #3

The Lectures are as per the Latest Syllabus Prescribed by DU for UGCF 2022

Course Content of Our Video Lectures

Unit – 1 : Introduction to Economic Trade-offs

Chapter 1 : The Principles & Practice of Economics

Duration of Lectures : Minutes

Based Upon ALL Chapter 1

Topics Covered

►The Scope of Economics,

►Three Principles of Economics,

►Optimization,

►Equilibrium,

►Empiricism,

Chapter 2 : Economic Methods & Economic Questions

Duration of Lectures : Minutes

Based Upon ALL Chapter 2

Topics Covered

►The Scientific Method,

►Causation and Correlation,

►Constructing & Interpreting Charts and Graphs,

Chapter 3 : Optimization : Doing the Best You Can

Duration of Lectures : Minutes

Based Upon ALL Chapter 3

Topics Covered

►Choosing the Best Feasible Option,

►Renting the Optimal Apartment,

►Optimization Using Marginal Analysis,

Unit – 2 : How Market Works

Chapter 4 : Demand, Supply & Equilibrium

Duration of Lectures : Minutes

Based Upon ALL Chapter 4

Topics Covered

►Markets,

►Demand Curves,

►Supply Curves,

►Supply & Demand in Equilibrium,

►Price Ceiling & Price Floor,

Chapter 5 : Consumers and Incentives

Duration of Lectures : Minutes

Based Upon ALL Chapter 5

Topics Covered

►The Buyer’s Problem, Effect of Change in Price,

►Opportunity Cost,

►Consumer Surplus,

►Demand Elasticities,

►Indifference Curves,

Chapter 6 : Sellers and Incentives

Duration of Lectures : Minutes

Based Upon ALL Chapter 6

Topics Covered

►Sellers in a Perfectly Competitive Market,

►The Sellers Problem, Production Function and Costs,

►Supply Curve and Supply Elasticities,

►Producer Surplus,

►Short Run & Long Run Supply Curves,

►Long Run Competitive Equilibrium,

Chapter 7 : Perfect Competition and the Invisible Hand

Duration of Lectures : Minutes

Based Upon ALL Chapter 7

Topics Covered

►Perfectly Competition and Efficiency,

►From the Individual to the Firm,

►Allocation of Resources Across Industries,

►Deadweight Loss, The Command Economy, The Central Planner,

►Equity and Efficiency,

►Long Run Competitive Equilibrium,

Chapter 8 : Trade

Duration of Lectures : Minutes

Based Upon ALL Chapter 8

Topics Covered

►The Production Possibilities Curve,

►Comparative Advantage,

►Trade Between States,

►Trade Between Countries,

►Arguments Against Free Trade,

Unit – 3 : Role of Government

Chapter 9 : Externalities and Public Goods

Duration of Lectures : Minutes

Based Upon ALL Chapter 9

Topics Covered

►Externalities, Types of Externalities,

►Private Solutions to Externalities, The Coase Theorem,

►Government Solutions to Externalities, Corrective Taxes & Subsidies,

►Public Goods,

►Common Pool Resource Goods, Tragedy of Commons,

Chapter 10 : Taxation & Regulation

Duration of Lectures : Minutes

Based Upon ALL Chapter 10

Topics Covered

►Taxation in US, Progressive and Proportional Tax Systems,

►Tax Incidence & Deadweight Loss,

►Regulation, Price Ceilings & Price Floors,

►Government Failures, Direct Costs of Bureaucracies, Corruption, Underground Economy,

►Equity Versus Efficiency,

►Consumer Sovereignty and Paternalism,

Unit – 4 : Individual Decision and Interactions

Chapter 11 : Game of Strategy

Duration of Lectures : Minutes

Based Upon DS Chapter 1

Topics Covered

►Game of Strategy,

►Some Strategic Games,

Chapter 12 : Decisions Versus Games

Duration of Lectures : Minutes

Based Upon DS Chapter 2

Topics Covered

►Decisions Versus Games,

►Classifying Games,

►Basic Terminology About Games, Strategies, Payoffs, Rationality, Equilibrium,

►The Uses of Game Theory,

Demo Mock Test (MCQ)

2 votes, 5 avg

Time Allowed for this Test is 10 Minutes

Time Allowed for this test has Lapsed

Created by

admin

Perfect Competition 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.

To Get Full Course Video Lectures of Micro Economics Please Whatsapp Your Details at
+91 9899 192027
www.primeacademy.in

Pleas Enter Your details

1 / 10

Economists assume that a perfectly competitive firm's objective is to maximize its

revenue

economic profit

output price

quantity sold

2 / 10

In a perfectly competitive industry, the price elasticity of demand for the market demand is ________ and the price elasticity of demand for an individual firm's demand is ________.

infinite; less than infinite

infinite; infinite

less than infinite; less than infinite

less than infinite; infinite

3 / 10

The price elasticity of demand for any particular perfectly competitive firm's output is

less than 1

equal to zero

infinite

4 / 10

In perfect competition, restrictions on entry into an industry

do not exist.

apply to labor but not to capital.

apply to both capital and labor.

apply to capital but not to labor.

5 / 10

In perfect competition, the product of a single firm

is sold to different customers at different prices.

has many perfect complements produced by other firms.

has many perfect substitutes produced by other firms.

is sold under many differing brand names.

6 / 10

For a firm in perfect competition, a diagram shows quantity on the horizontal axis and both the firm's marginal cost (MC) and its marginal revenue (MR) on the vertical axis. The firm's profit-maximizing quantity occurs at the point where the

MC curve intersects the MR curve from above, going from left to right.

slope of the MC curve is zero.

MC curve intersects the MR curve from below, going from left to right.

MC and MR curves are parallel.

7 / 10

For a perfectly competitive firm, in a diagram with quantity on the horizontal axis and both total revenue and total cost on the vertical axis, the firm's ________ is a straight line ________.

total cost curve; through the origin

total revenue curve; with zero slope

total cost curve; with zero slope

total revenue curve; through the origin

8 / 10

In perfect competition, the firm's marginal revenue curve

cuts its demand curve from above, going from left to right.

always lies below its demand curve.

cuts its demand curve from below, going from left to right.

is the same as its demand curve.

9 / 10

In the case of a perfectly competitive firm, the

firm's marginal revenue exceeds the price of the product.

change in the firm's total revenue equals the price of the product multiplied by the change in quantity sold.

firm's marginal revenue is less than average revenue.

price of the product falls sharply when the quantity the firm sells doubles.

10 / 10

In perfect competition, the marginal revenue of an individual firm

equals the price of the product.

is positive but less than the price of the product.

exceeds the price of the product.

is zero.

Your score is

The average score is 56%

Please rate this quiz

Introductory Micro Economics Syllabus as Prescribed by DU

Introductory Micro Economics

Mathematical Methods for Economics

Statistical Methods for Economics