MEC-101: Microeconomic Analysis
Fundamental principles of microeconomics and market structures
Course Overview
This course provides a comprehensive understanding of microeconomic theory, focusing on consumer behavior, production theory, market structures, and welfare economics. Students will learn to analyze economic decisions at the individual and firm level.
Course Objectives
- Understand the principles of consumer and producer behavior
- Analyze firm decisions under various market structures
- Apply microeconomic models to real-world scenarios
- Evaluate market efficiency and government interventions
- Enhance critical thinking in economic problem-solving
Key Topics
- Consumer Theory and Utility Maximization
- Theory of Production and Cost
- Perfect Competition and Market Efficiency
- Monopoly and Price Discrimination
- Monopolistic Competition and Oligopoly
- Game Theory and Strategic Behavior
- General Equilibrium Analysis
- Welfare Economics and Market Failures
- Asymmetric Information and Uncertainty
Recommended References
- Microeconomic Theory by Mas-Colell, Whinston, and Green
- Intermediate Microeconomics by Hal Varian
- Microeconomics by Robert Pindyck and Daniel Rubinfeld
- Price Theory and Applications by Steven Landsburg
Study Materials
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Important Topics
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Previous Year Questions
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Assignments
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