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Introduction

1 Demand and Supply
1£®1 Demand
1£®2 Supply
1£®3 Market equilibrium
1£®4 Elasticity

2 Consumer Choice
2£®1 Consumer's problem
2£®2 Preferences
2£®3 Indifference curve
2£®4 Perfect substitutes and perfect complements
2£®5 Utility
2£®6 Budget constraints
2£®7 Changes in prices and income
2£®8 The consumer's equilibrium
2£®9 The theory of utility maximization

3 Production Function
3£®1 Theory of production and marginal products
3£®2 The short-run production function
3£®3 The long-run production function

4 Cost of Production
4£®1 Basic insights of costs
4£®2 Isocost lines
4£®3 Short-run cost
4£®4 Long-run cost

5 Perfect Competition
5£®1 Characteristics of a competitive market
5£®2 Demand curve in competitive market
5£®3 Revenues in a perfectly competitive market
5£®4 The shut-down point
5£®5 Profit maximization
5£®6 Short-term equilibrium and short-run supply curve
5£®7 The long run equilibrium of firm

6 Imperfect Competition
6£®1 Definition of imperfect competition
6£®2 Patterns of imperfect competition
6£®3 Why do imperfect competition exist
6£®4 Monopoly
6£®5 Monopolistic competition
6£®6 Oligopoly

7 Factors of Production
7£®1 Define factors of production and describe how they contribute to output
7£®2 The nature of factor demands
7£®3 Distribution theory and marginal revenue product
7£®4 Labor markets and wages
7£®5 Land and capital
7£®6 The factor distribution of income

8 General Equilibrium and Welfare Economic
8£®1 General equilibrium analysis
8£®2 Economic efficiency
8£®3 General equilibrium analysis
8£®4 Welfare economics
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9 Game Theory
10 Market Failure and Microeconomic Policy