Detailed Syllabus

PART 1: What is Economics?

1.      First principles

2.      Economic models: trade-offs and trade

PART 2: Supply and Demand

3.      Supply and demand

4.      Consumer surplus and producer surplus

5.      Price controls and quotas: meddling with markets

6.      Elasticity

7.      Taxes

PART 3: The Consumer

8.      The rational consumer

9.      Consumer preferences and consumer choice

PART 4: The Producer

10.   Behind the supply curve: inputs and costs

11.   Perfect competition and the supply curve

PART 5: Market Structure: Beyond Perfect Competition

12.   Monopoly

13.   Oligopoly

14.   Monopolistic competition and product diferentiation

PART 6: Further Topics

15.   Externalities

16.   Public Goods

The 16 topics above correspond sequentially to chapters 1 to 7 and 10 to 17 of the textbook Microeconomics by Krugman and Wells, 3 ^rd edition, 2009. Topics 8 and 9 are in chapter 10.