3.20331 Principles of Microeconomics

This is a general introductory course in microeconomics with an applied bias, which covers some fundamental tools of economics. Theory of supply and demand, consumer theory, theory of the firm, theory of pricing in different market structures and market failures, and government intervention. The theoretical content is supplemented by case studies.

Prerequisite: 3.10301

Text:

Mansfield, E. (1991) Microeconomics: Theory and Applications, 7th Ed, Norton

Case K.E., & Fair, R.C (1999) Principles of Microeconomics: 5th Ed, Prentice Hall, New Jersey