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XuetangX

Intermediate Microeconomics

Southwestern University of Finance and Economics via XuetangX

Overview

As a core course of economics, intermediate microeconomics is aimed at introducing the basic concepts and tools of economics to the students. It is hoped to cultivate your economic intuition and ability to analyze economic problems in reality. Intermediate microeconomics is also a pre-course for many other courses in economics and management.

In this course, both economic theories and mathematical tools will be introduced to you in plain language. At the same time, case study will also be provided to illustrate how to apply economic theories to solve practical problems. The main contents of this course include consumer theory, producer theory, market mechanism, perfect competition market, monopoly market, oligopoly market, etc.


Syllabus

  • 1 Introduction
    • 1.1 Introduction to Microeconomics
    • 1.2 Mathematics for Microeconomics
  • 2 Preference and Utility
    • 2.1 Preference
    • 2.2 Utility Function
  • 3 Consumer’s Choice
    • 3.1 Budget Constraint
    • 3.2 Consumer’s Optimal Choice
  • 4 Demand
    • 4.1 Comparative Statics Analysis of Demand
    • 4.2 Comparative Statics Analysis of Demand: Some Examples
    • 4.3 Slutsky Equation
  • 5 Market Equilibrium and Welfare
    • 5.1 Consumer’s Welfare
    • 5.2 Market Demand and Elasticity
    • 5.3 Market Equilibrium
  • 6 Production
    • 6.1 Production Function and Marginal Product
    • 6.2 Technical Rate of Substitution and Returns to Scale
  • 7 Cost
    • 7.1 Cost Minimization
    • 7.2 Short Run and Long Run Cost
  • 8 Perfect Competitive Market
    • 8.1 Market Structure and Perfect Competition
    • 8.2 Firm Supply
    • 8.3 Industry Supply
  • 9 Monopoly Market
    • 9.1 Profit Maximization of a Monopolistic Firm
    • 9.2 Monopolistic Pricing
    • 9.3 Price Discrimination
  • 10 Oligopoly Market
    • 10.1 Oligopoly
    • 10.2 Introduction to Game Theory

Taught by

Tan LI and Yuanyuan Liu

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