Analyze market demand ,income and substitution effects
Basics of Supply and Demand, consumer behavior, market mechanism, changes in market equilibrium, Elasticities of supply and demand, Budget constraints. ,Marginal utility and comsumer choice, individual and market demand, income and substitution effects, network externalities, uncertainty and consumer behavior, describing risks, perference towarss risk, reducing risks, demand for risky assets, bubbles, behaviorial economics , PRODUCTION FIRMS AND THIER PRODUCTION DECISIONS, PRODUCTION WITH ONE/TWO VARIABLE INPUT (LABOR), RETURNS TO SCALE, COST OF PRODUCTION, COST OF PRODUCTION, COSTS IN THE SHORT RUN & LONG RUN, LONG RUN VERSUS SHORT RUN COST CURVES, PRODUCTION WITH TWO OUTPUTS, DYNAMIC CHANGES IN COST, PROFIT MAXIMIZATION AND COMPETITIVE SUPPLY, MARGINAL REVENUE, MARGINAL COST AND PROFIT MAXIMIZATION, ANALYSIS OF COMPETITIVE MARKETS, MONOPOLY, PRICING WITH MARKET POWER, MONOPOLISTIC COMPETITION AND OLIGOPOLY, GAME THEORY AND COMPETITVE STRATEGY, INVESTMENT, TIME, AND CAPITAL MARKETS.
