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Economics
Topics
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2008
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November
(81)
- What is Economics?
- Demand
- Market Demand
- Law of Demand
- Supply
- Law of Supply
- Change in Demand and Increase/Decrease in quantit...
- Change in supply and Increase/decrease in quant...
- Equilibrium Price
- Changes in Market Equilibrium
- What is a Market?
- Consumer Surplus
- Consumer surplus and price elasticity of demand
- Types of goods
- Economics : Art Or Science
- Difference : Micro and Macro Economics
- Central Problems of an Economy
- The Production Possibility Curve
- Opportunity Cost
- What is Elasticity?
- Price elasticity
- Factors affecting Elasticity
- Income Elasticity
- Cross Elasticity
- Elasticity & Revenue
- Consumer Behavior
- Utility
- Law of Diminishing Marginal Utility
- Law of Equi-Marginal Utility
- Indifference curve Analysis
- The indifference curve
- The shape of the indifference curve and the margi...
- An indifference map
- A Budget Line (budget constraints)
- A change in consumer income and the budget line
- A change in the price of a good and the budget line
- Equilibrium position : Indifference analysis
- Income and substitution effect
- Theory of Production
- Law of diminishing marginal product
- Returns to scale
- Cost function
- Total Cost, Fixed Cost and Variable Cost curves
- Marginal Cost and Average Cost curves
- Long Run Cost
- Opportunity Costs, Explicit Costs and Implicit costs
- Derivation of long-run average cost curve
- Economies & Diseconomies of scale
- Shifts in the Cost Curves
- Isoquant Analysis
- Slope of isoquant curve/Marginal rate of substitution
- Isoquant map
- The Isocost Line
- Isoquant analysis :The Economically Efficient Poin...
- Producer’s surplus
- What is a Market?
- Perfect competition
- Demand Curve & Equilibrium in perfect competition
- Short run profit Maximisation in perfect competition:
- Long run profit Maximisation
- Short run vs Long Run
- Monopoly
- Monopolist’s Demand and MR Curve
- Monopoly vs Perfect Competition
- Equilibrium/Profit-Maximization : Monopoly
- Sources of Monopoly Power
- Price Discrimination :monopoly
- Oligopoly
- The importance of price and non-price competition
- Kinked demand Curve
- Game Theory :Introduction
- Game theory
- Cooperative versus noncooperative game
- Dominant strategy : Game Theory
- How to read a payoff matrix : Game Theory
- Example: Each player has a dominant strategy
- Example: one player dominant strategy
- Nash equilibrium
- Maximin strategy
- Discuss Problems.
- Micro Economics
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November
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