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) |