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
PART 4: The Producer
9. Behind the supply curve: inputs and costs
10. Perfect competition and the supply curve
PART 5: Market Structure: Beyond Perfect Competition
11. Monopoly
12. Oligopoly & Introduction to Game Theory
13. Monopolistic competition and product differentiation
PART 6: Other Market Failures
14. Externalities
15. Public Goods
The 15 topics above correspond sequentially to chapters 1 to 7 and 10 to 17 of the textbook Microeconomics by Krugman and Wells, 5th edition, 2018.