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.