Part I: Competitive Markets
Topic 0: Introductionto Microeconomics
1.1. A model of competitive markets
1.2. The supply curve
1.3. The demand curve
1.4.
The price-quantity equilibrium
1.5. Who trades in equilibrium?
1.6. Reserve price, profit of seller and consumer surplus
1.7. The efficiency of competitive equilibrium
1.8. Model of competitive markets with supply and demand curves
Topic2. Shifts in Supply and Demand
2.1. Review of the model of competitive markets: input and output
2.2. The supply curve with variable costs and fixed costs
2.3. Comparative statics: supply shift
2.3.1. What happens to the quantity in equilibrium?
2.3.2. What happens to the equilibrium price?
2.3.3. What about the equilibrium profits?
2.4. Comparative Statics with smooth demand and supply curves
2.5. What happens to the quantity in equilibrium?
2.6. What happens to the equilibrium price?
2.7. What about the equilibrium profits?
Topic3. Slope and Price Elasticity of the Supplyand Demand curves
3.1. The Slope
3.2. Price Elasticity
3.3. Relationship between the slope and elasticity
3.4. Properties of the Price elasticity
3.5. Price elasticity and total income
Part Two: Intervention in the market and economic policy
Topic4. Taxes and Welfare: The case of a SalesTax
4.1. Tax on sale for sellers
4.1.1. How does the supply curve change?
4.1.2. The price and equilibrium quantity
4.2. Sales Tax for buyers
4.2.1. How does the demand curve change?
4.2.2. The price and equilibrium quantity
4.3. Comparison of results: tax for the seller and buyer
4.4. Who bears the tax? Hint: It depends on the elasticity
4.5. Taxes and Welfare
4.5.1. First Welfare Theorem: efficiency of competitive markets
4.5.2. Government intervention through taxation
4.5.3. Analysis of welfare with and without taxes
4.5.4. Efficiency loss (excess burden) and cost of taxes
4.5.5. Why do taxes exist? Efficiency and justice
Topic5. The labor market and minimum wage
5.1. Introduction
5.2. The demand for labor
5.2.1. Rule of the value of marginal product
5.2.2. Marginal product and average product
5.2.3. Labor demand curve of a company
5.2.4. Labor demand curve of the market
5.3. Labor supply
5.4. Competitive equilibrium in the labor market
5.5. Effects of a minimum wage
5.6. Minimum prices and maximum prices
Part three: Consumer behavior
Topic6. The decision of the consumer
6.1. The budget constraint.
6.2. The preferences of the consumer.
6.3. The optimal consumer bundle.
6.4. Changes in income and in prices.
Part Four: Imperfect Markets and technology
7.1. Introduction.
7.2. Competitive markets and externalities.
7.3. Taxes on pollution.
7.4. Transferable permits.
7.5. Positive externalities and subsidies.
Topic8. Monopolies and cartels
8.1. Monopoly and Competitive Markets.
8.2. Behavior of a Monopoly.
8.2.1. Total Revenue and Total Cost.
8.2.2. Marginal Revenue and Marginal Cost.
8.2.3. Quantity and Price of Monopoly.
8.3. Comparison of Monopoly and Competitive Markets.
8.4. Monopoly with Smooth Curves.
8.5. Cartels.
9.1. What are the network externalities?
9.2. Network externalities and the demand curve.
9.3. The equilibrium with network externalities.
9.4. Stable equilibria, unstable equilibria and critical mass.