Introduction to Microeconomics

Topics Covered in This Course:
  In Section 1 of this course you will cover these topics:
    The scope and method of economics.
    The economic problem: scarcity and choice.
  In Section 2 of this course you will cover these topics:
    Demand, supply, and market equilibrium.
    Demand and supply applications .
    Elasticity
  In Section 3 of this exam you will be evaluated on below listed topics:
    Household behavior and consumer choice
    The production process: the behavior of profit-maximizing firms.
    Short-run costs and output decisions.
  In Section 4 of this course you will cover these topics:
    Long-run costs and output decisions.
    Input demand: the labor and land markets.
    Input demand: the capital market and the investment decision.
  In Section 5 of this course you will cover these topics:
    General equilibrium and the efficiency of perfect competition
    Monopoly and antitrust policy.
    Monopolistic competition and oligopoly.
    Externalities, public goods, imperfect information, and social choice.
    Income distribution and poverty.
    Public finance: the economics of taxation.
    International trade, comparative advantage, and protectionism.
    Globalization.
    Economic growth in developing and transitional economies
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