INTERMEDIATE MICROECONOMIC NOTES

Institution	UNIVERSITY
Course	SCHOOL OF OPEN, DIST...
Year	1st Year
Semester	Unknown
Posted By	Rose Oloo
File Type	pdf
Pages	163 Pages
File Size	1.03 MB
Views	2656
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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