Detailed Syllabus

PART 1: What is Economics?

1.  Economic models: trade-offs and trade

PART 2: Supply and Demand

2.  Supply and demand

3.  Consumer surplus and producer surplus

4.  Price controls and quotas: meddling with markets

5.  Elasticity

6.  Taxes

PART 3: The Consumer

7.  The rational consumer

PART 4: The Producer

8. Behind the supply curve: inputs and costs

9. Perfect competition and the supply curve

PART 5: Market Structure: Beyond Perfect Competition

10. Monopoly

11. Oligopoly

12. Monopolistic competition

 

The 14 topics above correspond sequentially to chapters 2 to 7 and 10 to 15 of the textbook Microeconomics by Krugman and Wells, 5th edition, 2018.