Introductory Micro Economics

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DSC 1 : Introductory Micro Economics, Econ 001

BA Economics (Hons) Semester I

Delhi University | 2026

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Guided by Mr. Dheeraj Suri

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Introductory Micro Economics

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The DSC – I : Introductory Micro Economics ( ECON – o01 ) Course for BA Economics (H) Semester I, 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 35 Hours.

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Recomended Readings

1. Mankiw, N. G. (2018). Principles of Microeconomics 8th ed.
2. Acemoglu, D., Laibson, D., & List, J. (2017). Microeconomics. Pearson.
3. Dixit, A. K., & Skeath, S. (2015). Games of strategy: Fourth international student edition. WWNorton&Company.

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Question Paper will be of 90 Marks

This division is flexible and plus/minus 10% of the marks and can be done in each unit, given
the total is 90.

Unit I : 15 Marks

Unit II : 45 Marks

Unit III : 25 Marks

Unit IV : 5 Marks

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 I Exams

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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Created by Dheeraj Suriadmin

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.
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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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