Fundamentals of Microeconomics

This module covers fundamental economic concepts including scarcity, opportunity cost, and resource allocation. It explores economic theories, models, and assumptions through the lens of international trade, examining how countries trade based on their resources and specialization patterns.

This module explores market structures with a focus on perfect competition. It introduces demand concepts through unit-demand cases and general cases, covering marginal utilities, market demands, linear demands, and factors affecting demand movements and shifts.

This module examines supply-side economics, covering unit-supply cases, costs, and general cases. It includes analysis of supply movements and shifts, along with detailed study of elasticities and their practical applications.

This module focuses on market equilibrium concepts, including their definition and relevance. It covers comparative statics, welfare analysis, and practical methods for estimating demand and supply in real-world situations.

This module examines various forms of government intervention in markets, with particular focus on regulated prices and taxation. It covers tax classification, analysis, welfare implications, tax incidence, and formal analysis of tax effects.

This module introduces market failures with emphasis on market power and asymmetric information. It covers definitions, models, welfare analysis, comparative statics, barriers to entry, and solutions to market power issues. It also explores adverse selection and moral hazard.

This module continues the examination of market failures, focusing on externalities and public goods. It covers classification of externalities, private and public solutions to externalities, and analysis of public goods and their implications.