Introductory Microeconomics

Covering topics such as production function, long and short run decisions, Isoquant Map for the production function, marginal rate of technical substitution, returns to scale.

Covering topics such as theory of the firm, short and long run costs, optimal input choice, the LTC, LMC and LAC Curves, economies and diseconomies of scale.

Providing an in-depth understading of market structure, conditions for perfect competition. (10 pages)

Providing an understanding of law of demand, law of supply, algebra of supply & demand, elasticity and taxes.

Covering topics such as rational choice model, budget constraints, Effects of Changes in Income and Prices

Providing an understanding of price and income changes effect, substitution effect, price elasticity of demand and consumer surplus

Providing an in-depth understanding of price and income changes effects, substitution effect, price elasticity of demand, and consumer surplus.