INTERMEDIATE MICROECONOMICS - I
Course Description The course is designed to provide a sound training in microeconomic theory to formally analyze the behaviour of individual agents. Since students are already familiar with the quantitative techniques in the previous semesters, mathematical tools are used to facilitate understanding of the basic concepts. This course looks at the behaviour of the consumer and the producer and also covers the behaviour of a competitive firm. Course Outline 1. Consumer Theory Preference; utility; budget constraint; choice; demand; Slutsky equation; buying and selling; choice under risk and intertemporal choice; revealed preference. 2. Production, Costs and Perfect Competition Technology; isoquants; production with one and more variable inputs; returns to scale; short run and long run costs; cost curves in the short run and long run; review of perfect competition. THIS SECTION CONTAINS PREVIOUS YEAR PAPERS OF INTERMEDIATE MICROECONOMICS - I. 2007 2008 2009 2010 2011 2012 ...