SES # | TOPICS | SUBTOPICS |
---|---|---|
D1 | Overview: themes, types of markets, economic measurement, economic analysis (PDF) | Optimization and allocation (chapter 1) |
Definition and various types of markets (chapter 2) | ||
Economic measurement (chapter 2) | ||
Economic analysis (chapter 2) | ||
D2 | The basics of supply and demand (PDF) | Demand and supply curves (chapter 2) |
Equilibrium in the market (chapter 2) | ||
Government interventions (chapter 2) | ||
D3 | Elasticities of demand (PDF) | Price elasticity of demand (chapter 2) |
Income elasticity of demand (chapter 2) | ||
Cross price elasticity of demand (chapter 2) | ||
Comparison of elasticity over short run and long run (chapter 2) | ||
D4 | Price elasticity of supply; consumer preferences (PDF) | Elasticity - price elasticity of supply (chapter 2) |
Consumer behavior - consumer preference (chapter 3) | ||
D5 | Deriving MRS from utility function, budget constraints, and interior solution of optimization (PDF) | Utility functions, deriving marginal rate of substitution (MRS) (chapter 3) |
Budget constraints (chapter 3) | ||
Optimization: interior solutions (chapter 3) | ||
D6 | Optimization, revealed preference, and deriving individual demand (PDF) | Optimization: corner solutions (chapter 3) |
Revealed preferences (chapter 3) | ||
Deriving individual demand, Engle curves (chapter 4) | ||
D7 | Substitution and income effects, individual and market demand, consumer surplus (PDF) | Substitution effect, income effect, Giffen goods (chapter 4) |
From individual demand to market demand (chapter 4) | ||
Consumer surplus (chapter 4) | ||
D8 | Irish potato famine, network externalities, and uncertainty (PDF) | Irish potato famine (chapter 4) |
Network externalities (chapter 4) | ||
Uncertainty (chapter 5) | ||
D9 | Preference toward risk, risk premium, indifference curves, and reducing risk (PDF) | Preference toward risk (chapter 5) |
Risk premium (chapter 5) | ||
Indifference curves between expected value and standard deviation (chapter 5) | ||
Reducing risk: diversification (chapter 5) | ||
D10 | Insurance and production function (PDF) | Reducing risk: insurance (chapter 5) |
Outline of producer theory (chapter 6) | ||
Production functions: short run and long run (chapter 6) | ||
D11 | Production functions (PDF) | Short run production functions (chapter 6) |
Long run production functions (chapter 6) | ||
Returns to scale (chapter 6) | ||
D12 | Production functions and cost of production (PDF) | Returns to scale (chapter 6) |
Production function derivation (chapter 6) | ||
Cost of production (chapter 7) | ||
D13 | Cost functions (PDF) | Short run cost functions (chapter 7) |
Long run cost functions (chapter 7) | ||
D14 | The cost of production and profit maximization (PDF) | Relation between long run cost and short run cost (chapter 7) |
Economies of scale (chapter 7) | ||
Economies of scope, learning (chapter 7) | ||
D15 | Short run and long run supply (PDF) | Profit maximization (chapter 8) |
Short run supply (chapter 8) | ||
Producer surplus (chapter 8) | ||
Long run competitive equilibrium (chapter 8) | ||
D16 | Long run supply and the analysis of competitive markets (PDF) | Long run equilibrium (chapter 8) |
Long run market supply (chapter 8) | ||
Gains and losses from government policies (chapter 9) | ||
D17 | Supply restrictions, tax, and subsidy (PDF) | Agricultural price support (chapter 9) |
Supply restrictions (chapter 9) | ||
Tax and subsidy (chapter 9) | ||
D18 | Tax, subsidy, and general equilibrium (PDF) | Tax (chapter 9) |
Subsidy (chapter 9) | ||
General equilibrium (chapter 16) | ||
Exchange economy (chapter 16) | ||
D19 | Efficiency in exchange, equity and efficiency, and efficiency in production (PDF) | Exchange economy (chapter 16) |
Contract curves (chapter 16) | ||
General equilibrium in a competitive market (chapter 16) | ||
Utility possibilities frontier (chapter 16) | ||
Production in Edgeworth box (chapter 16) | ||
D20 | Production possibilities frontier and output market efficiency (PDF) | Production possibilities frontier (chapter 16) |
Output market efficiency (chapter 16) | ||
D21 | Why markets fail (PDF) | Why markets fail (chapter 16) |
D22 | Monopoly (PDF) | Monopoly (chapter 10) |
Shift in demand and effect of tax (chapter 10) | ||
D23 | Monopoly and monopsony (PDF) | Multiplant firm (chapter 10) |
Social cost (chapter 10) | ||
Price regulation (chapter 10) | ||
Monopsony (chapter 10) | ||
D24 | Monopoly and monopsony (cont.) (PDF) | Monopsony (chapter 10) |
Monopoly power (chapter 10) | ||
Price discrimination (chapter 11) | ||
D25 | Pricing with market power (PDF) | Third degree price discrimination (chapter 11) |
Peak-load pricing (chapter 11) | ||
Two-part tariffs (chapter 11) | ||
D26 | Pricing and monopolistic competition (PDF) | Two-part tariffs (chapter 11) |
Bundling (chapter 11) | ||
Monopolistic competition (chapter 12) | ||
D27 | Game theory and oligopoly (PDF) | Game theory (chapters 12 and 13) |
Oligopoly (chapters 12 and 13) | ||
D28 | Oligopoly (PDF) | Cournot games (chapters 12 and 13) |
Stackelberg games (chapters 12 and 13) | ||
Bertrand games (chapters 12 and 13) | ||
Prisoner's Dilemma (chapters 12 and 13) | ||
D29 | Strategic games (PDF) | Collusion - Prisoner's Dilemma (chapters 12 and 13) |
Repeated games (chapters 12 and 13) | ||
Threat, credibility, commitment (chapters 12 and 13) | ||
Dominant firm model, cartel (chapters 12 and 13) | ||
D30 | Dominant firm model and factor market (PDF) | Dominant firm model (chapters 12 and 13) |
Factor markets (chapter 14) | ||
D31 | Factor market (PDF) | Supply of labor (chapter 14) |
Maximum/minimum strategy (chapter 14) | ||
Demand of labor (chapter 14) | ||
D32 | Investment, savings, time, and capital markets (PDF) | Present discount value (chapter 15) |
Bonds (chapter 15) | ||
Effective yields (chapter 15) | ||
Interest rate determination (chapter 15) | ||
D33 | Asymmetric information (PDF) | Adverse selection (chapter 17) |
Moral hazard (chapter 17) | ||
Unemployment (chapter 17) | ||
D34 | Externalities, market failure and government (PDF) | Efficient wage theory (chapter 17) |
Externalities (chapter 18) | ||
Property rights (chapter 18) | ||
Common property resources (chapter 18) | ||
D35 | Public goods (PDF) | Public goods (chapter 18) |