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MicroEconomics I Course

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Course Description

 

MicroEconomics I ( DSCC1 ) introduces the foundational concepts of microeconomic theory, including demand and supply, consumer behavior, production, and market structures. Students will explore decision-making by individuals and firms, and the functioning of competitive and non-competitive markets, equipping them with essential tools for economic analysis.

Course Starting from 1st October 2024

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Experience our MicroEconomics I ( DSCC1 ) course before enrolling with our exclusive trial classes. These sessions provide a sneak peek into the engaging lectures and interactive teaching methods that define our program.

Budget Line Basics

Cartel and Quantity War

Cost Curves

Monopoly Example

Perfect Compliment

Production Function Basics

MicroEconomics I Syllabus

Learning Objectives

  1. Understand Key Economic Concepts: Students will be introduced to fundamental economic concepts, such as scarcity, choice, utility, demand, and supply. They will learn how households and firms make decisions in the context of limited resources.
  2. Explore Market Mechanisms: Students will explore how markets operate under different conditions, examining demand and supply interactions, price determination, and the role of elasticity in economic decision-making.
  3. Analyze Consumer and Producer Behavior: Students will learn different approaches to utility (Cardinal and Ordinal) and explore consumer choice, indifference curves, and budget constraints.
  4. Investigate Market Structures: Students will study various market structures and their impact on price and output decisions, particularly focusing on competitive markets.
  5. Apply Microeconomic Principles to Real-world Scenarios: Through case studies and practical examples, students will connect theoretical microeconomic concepts to real-world applications, such as market failures and government interventions.

Learning Outcomes

  1. Grasp of Economic Fundamentals: Students will demonstrate a clear understanding of core economic principles, including how individuals and firms interact in markets.
  2. Ability to Analyze Market Functions: Students will be able to explain how markets allocate resources, determine prices, and achieve equilibrium in competitive settings.
  3. Enhanced Analytical Skills: By applying concepts such as elasticity, marginal analysis, and consumer equilibrium, students will develop analytical skills to evaluate market behavior.
  4. Application of Consumer Theory: Students will apply consumer theory to understand how preferences, budget constraints, and choices influence market demand and consumer equilibrium.
  5. Critical Evaluation of Market Efficiency: Students will be able to evaluate the efficiency of competitive markets and the potential for market failures, including externalities and public goods.

Examination Scheme

Total Marks: 75

FUNTASTIC Faculty from DSE & ISI

Helped 1000’s of students get into their Dream Institute for MA Economics

best ma economics faculty Samkith banthia

Samkith Banthia

ISI Alumnus | Eco(H) St Xaviers Kolkata | FRM from GARP | Formerly with Barclay's Bank

Samkith Sir, an alumnus of ISI, transitioned from a successful banking career to pursue his passion for teaching and mentoring aspiring students. With expertise in mathematics and a nurturing demeanor, he stands out as a premier educator, dedicated to guiding students towards academic excellence.

best ma economics faculty Mahima banthia

Mahima Banthia

DSE Alumnus | Eco(H) SRCC Delhi | Former Lecturer St Stephen’s College Delhi | NET qualified

In Mahima Ma’am’s class at EduSure, we prioritize logical reasoning and emphasize conceptual understanding, ensuring mastery of macroeconomics. Mahima Ma’am, also handling administrative responsibilities at EduSure, is dedicated to providing the highest quality service to every student.

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