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Semester 4 · Subject 9 of 9

Micro Economics

34 chapters · 5 modules · about 7 hours of reading

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Before Unit I

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  1. The cover 1 page
  2. The contents 34 chapters
Unit I

Introduction to Micro Economics

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  1. 1 Economics: Micro Economics: What This Paper Covers, and How to Read This Book (locked) 7 min
  2. 2 Microeconomics and Macroeconomics (locked) 14 min
  3. 3 Economic Statics and Dynamics (locked) 16 min
Unit II

Demand and Supply

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  1. 4 Demand and the Law of Demand (locked) 15 min
  2. 5 Elasticity of Demand (locked) 14 min
  3. 6 Income Elasticity, Cross Elasticity and What Elasticity Is For (locked) 13 min
  4. 7 Supply and the Law of Supply (locked) 16 min
  5. 8 Indifference Curves and Their Properties (locked) 13 min
  6. 9 Consumer's Equilibrium Under Indifference Curve Analysis (locked) 11 min
  7. 10 The Price Effect, the Income Effect and the Substitution Effect (locked) 13 min
Unit III

Production

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  1. 11 Production, the Factors of Production and Their Rewards (locked) 14 min
  2. 12 The Production Function (locked) 11 min
  3. 13 The Law of Variable Proportions (locked) 12 min
  4. 14 The Laws of Returns to Scale (locked) 12 min
  5. 15 Economies of Scale (locked) 11 min
  6. 16 The Concepts of Cost: Total, Fixed, Variable, Average, Marginal and Opportunity Cost (locked) 15 min
  7. 17 The Concepts of Revenue: Total, Average and Marginal Revenue (locked) 10 min
Unit IV

Product Pricing

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  1. 18 Market Structure: The Four Forms (locked) 13 min
  2. 19 The Equilibrium of the Firm and the Industry (locked) 12 min
  3. 20 Perfect Competition (locked) 14 min
  4. 21 The Time Element in the Theory of Price Determination (locked) 11 min
  5. 22 Monopoly (locked) 17 min
  6. 23 Price Discrimination: Meaning and Types (locked) 13 min
  7. 24 Monopolistic Competition (locked) 13 min
  8. 25 Selling Costs and the Wastes of Monopolistic Competition (locked) 11 min
Unit V

Factor Pricing

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  1. 26 The Nature of Factor Markets (locked) 11 min
  2. 27 The Modern Theory of Rent and Transfer Earnings (locked) 12 min
  3. 28 Quasi-Rent (locked) 9 min
  4. 29 The Marginal Productivity Theory of Distribution (locked) 13 min
  5. 30 Wages: Real and Money Wages, the Minimum Wage and Wage Differentials (locked) 14 min
  6. 31 The Subsistence Theory of Wages (locked) 15 min
  7. 32 The Classical Theory of Interest (locked) 11 min
  8. 33 The Loanable Funds Theory of Interest (locked) 10 min
  9. 34 The Risk and Uncertainty Theories of Profit (locked) 11 min

The University's syllabus for this subject

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