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
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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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