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INTERMEDIATE MICROECONOMIC NOTES
| Institution | UNIVERSITY |
| Course | SCHOOL OF OPEN, DIST... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Rose Oloo |
| File Type | |
| Pages | 163 Pages |
| File Size | 1.03 MB |
| Views | 2684 |
| Downloads | 0 |
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Description
Introduction: Meaning and purpose of microeconomic theory, Basic concepts and
mode of analysis, Traditional vs modern microeconomics, The Theory Of Consumer
Behaviour: Consumer Theory, The Budget Constraint, Consumer Preferences,
Utility: The Utility Function, Marginal Utility and Marginal Rate of Substitution,
Revealed Preference Theory, The Slutsky Equation, Production Theory,
Markets: Perfect Competition, Imperfect Competition, Game Theory: Elements of
Game theory, The Payoff matrix of a game, Nash Equilibrium, Secure Strategies,
General Equilibrium, Market Disequilibrium, Production, Distribution of Welfare
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• daily occurrence of tides in the sea.
• rising up of a liquid through a drinking straw.
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