
This is an introductory Microeconomics course.
First we will be looking at consumers and households to study how the demand curve is derived. We then introduce the supply curve, and discuss how markets work. Focusing on equilibrium, we will analyze economic welfare. Then, we will study externalities that a simple demand-supply model fails to take into account. Firm behavior and the organization of industry, in particular, the costs of production and monopoly in the markets are then studied. Finally, the markets for the factor of production, such as labor and capital markets are studied.
Although this course requires some mathematical knowledge, including basic calculus and linear algebra, I will try not to make lectures technical, but rather intuitive.