Module 3:
Theory of Perfect Competition
Course Summaries
This course discusses the fundamental concept of National Income Accounting. If you are new to Economics or if you are interested to study Economics especially macroeconomics, I would recommend to take this course for basic understanding. This course is also very helpful for 1st Semester Economics Honors students.
Learning Objectives
Characteristics of a Perfectly Competitive Market
Short run equilibrium of the firm under perfect competition
Mathematical derivation of the equilibrium of the firm
The supply curve of the firm and the industry
Short run equilibrium of the industry
Long run equilibrium of the firm
Long run equilibrium of the industry
Prerequisites & Requirements
To participate in this course, you should have some ideas of basic Economics. No domain knowledge is required.
Course Materials
Assessment
Relevant Multiple Choice Questions (MCQ) are framed in order to assess the understanding about the concept of Economics.
Please click on the link below
Online MCQ on Perfect Competition
Feedback
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Instructor
Dr. Gargi Basu