Microeconomics

Microeconomics studies how individuals, firms and governments make choices when faced with scarcity of resources.

Free online textbook: Microeconomics from OpenStax

Grades:  HWs (+course participation for group study students)  80%, 1 final project 20%.

Modules, readings, homeworks

1.   First principles, tradeoffs and choices    Ch. 1, 2

2.   Supply and demand  Ch.3

3.  Price controls, taxes, consumer/producer surplus  Ch. 4   

4.   Elasticity  Ch. 5

5.  Consumer choices  Ch. 10

6.  Cost and industry structure  Ch. 11

7.     Perfect Competition  Ch. 12    

8.  Monopolistic competition, monopoly, pricing   Ch. 13,15,16

9.  Oligopoly, market concentration Ch. 14,15

10. Externalities and public goods  

11.  Final project .

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