Introductory Micro Economics - Dheeraj Suri Classes

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►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 any one of the following devices:

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till end of Semester I Exams.

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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

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Exam Pattern

Internal Assessment – 25 Marks, Final Examination – 90 Marks

Suggested Weightage for each unit in the final Examination

Unit 1 – 15 Marks

Unit 2 – 45 Marks

Unit 3 – 25 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 90.

Suggested Readings

Mankiw, N. G. (2018). Principles of Microeconomics 8th ed.

[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

Course Introduction

Introductory Micro Economics, Lecture #1

Introductory Micro Eco #3

The Lectures are as per the Latest Syllabus Prescribed by DU for UGCF 2023

Course Content of Our Video Lectures

Unit – 1 : Introduction to Economic Trade-offs

Chapter 1 : Ten Principles of Economics

Duration of Lectures : 74 Minutes

Based Upon Mankiw Chapter 1

Topics Covered

►Ten Principles of Economics,

Chapter 2 : Thinking Like Economiist

Duration of Lectures : 53 Minutes

Based Upon Mankiw Chapter 2

Topics Covered

►The Scientific Method,

►Production Possibility Frontier,

►Microeconomics & Macroeconomics,

Chapter 3 : Interdependence & Gains from Trade

Duration of Lectures : 49 Minutes

Based Upon Mankiw Chapter 3

Topics Covered

►Specialization & Trade,

►Absolute Advantage & Comparative Advantage,

Unit – 2 : How Market Works

Chapter 4 : Demand, Supply & Equilibrium

Duration of Lectures : 152 Minutes

Based Upon Mankiw Chapter 4

Topics Covered

►Markets,

►Demand Curves,

►Supply Curves,

►Supply & Demand in Equilibrium,

Chapter 5 : Elasticity & Its Applications

Duration of Lectures : 146 Minutes

Based Upon Mankiw Chapter 5

Topics Covered

►Price Elasticity of Demand,

►Total Revenue & Price Elasticity of Demand,

►Income Elasticity of Demand,

►Cross Elasticity of Demand,

►Price Elasticity of Supply,

►Applications of Suuply, Demand and Elasticity,

Chapter 6 : Supply, Demand & Government Policies

Duration of Lectures : 142 Minutes

Based Upon Mankiw Chapter 6

Topics Covered

►Price Ceiling & Price Floor,

►Taxes,

►Elasticity & Tax Incidence,

Chapter 7 : Consumers, Producers & Efficiency of Markets

Duration of Lectures : 66 Minutes

Based Upon Mankiw Chapter 7

Topics Covered

►Consumer Surplus,

►Producer Surplus,

►Market Efficiency,

Chapter 8 : International Trade

Duration of Lectures : 67 Minutes

Based Upon Mankiw Chapter 9

Topics Covered

►The Equilibrium without Trade,

►The Winners & Losers from Trade,

►The Effects of a Tariff,

►Other Benefits of International Trade,

►Arguments Against Free Trade,

Unit – 3 : Role of Government

Chapter 9 : The Costs of Taxation

Duration of Lectures : 75 Minutes

Based Upon Mankiw Chapter 8

Topics Covered

►The Deadweight Loss of Taxation,

►The Determinants of the Deadweight Loss,

►Deadweight Loss & Tax Revenue as Taxes Vary,

►The Laffer Curve,

Chapter 10 : Externalities

Duration of Lectures : Minutes

Based Upon Mankiw Chapter 10

Topics Covered

►Externalities, Types of Externalities,

►Private Solutions to Externalities, The Coase Theorem,

►Government Solutions to Externalities, Corrective Taxes & Subsidies,

Chapter 11 : Public Goods

Duration of Lectures : Minutes

Based Upon Mankiw Chapter 11

Topics Covered

►Public Goods,

►Common Pool Resource Goods, Tragedy of Commons,

Unit – 4 : Individual Decision and Interactions

Chapter 12 : Game of Strategy

Duration of Lectures : 48 Minutes

Based Upon DS Chapter 1

Topics Covered

►Game of Strategy,

►Some Strategic Games,

Chapter 13 : Decisions Versus Games

Duration of Lectures : 124 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)

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Perfect Competition Test #1

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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 49%

Please rate this quiz

Introductory Micro Economics Syllabus as Prescribed by DU

Introductory Micro Economics

Mathematical Methods for Economics

Statistical Methods for Economics