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

13. Monopolistic competition and product differentiation

PART 6: Microeconomics and Public Policy