Instruction
Structure of the course: The course material covers three broad components. The first part will be devoted to
building concepts that are crucial for understanding models of micro-economic behavior. This will be followed by an
actual analysis of the micro-economic models. The final part will address practical applications of the models. The
topics will include:
1. Basic Concepts in Micro Economics
2. Market Equilibrium: Supply & Demand Analysis
3. Behavior of Firms
4. Welfare Analysis
5. Market Intervention
6. Open Economy Microeconomics
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