Detailed Syllabus

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 differentiation

PART 6: Other Market Failures

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, 2012. Topics 8 and 9 are in chapter 10.