Introductory Micro Economics

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

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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.

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

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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.

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)

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Time Allowed for this Test is 10 Minutes

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Created by Dheerajadmin

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.

 

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1 / 10

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

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 ________.

3 / 10

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

4 / 10

In perfect competition, restrictions on entry into an industry

5 / 10

In perfect competition, the product of a single firm

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

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 ________.

8 / 10

In perfect competition, the firm's marginal revenue curve

9 / 10

In the case of a perfectly competitive firm, the

10 / 10

In perfect competition, the marginal revenue of an individual firm

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Introductory Micro Economics Syllabus as Prescribed by DU

Introductory Micro Economics
Mathematical Methods for Economics
Statistical Methods for Economics
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Introductory Micro Economics
Introductory Micro Economics
Mathematical Methods for Economics
Introductory Mathematival Methods for Economics
Statistical Methods for Economics
Statistical Methods for Economics
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