INTERMEDIARY MICROECONOMICS

Price Theory & Public Policy

0.0 Course Outline

1.0  Introduction

2.0 Price Theory

2.1 Origins

2.2 Consumers

2.2.1  Utility

2.2.2  Income & Price Constraints

2.2.3  Constrained Utility Maximization

2.2.4  Income, Price & Substitution Effects

2.2.5  Engel & Demand Curves, Consumer
           Surplus & Price Indices

2.2.6 Market Demand & Price, Income and

            Cross Elasticity

2.3 Producers

2.3.1  Definition of Terms

2.3.2  Production Function

2.3.3 Cost Function & Supply Curve

2.4 Competition

2.4 .1  Perfect

2.4.2  Imperfect

2.4.2.1  Monopolistic

2.4.2.2  Oligopolistic

2.4.3  Partial & General Equilibrium

3.5 Complications

2nd MidTerm

3.0 Public Policy

3.1 Origins

3.2 Competition

3.2.1 Anti-Trust, -Combines, -Competitive Practices

3.2.2 Regulation

3.2.3 Rights & Privileges

3.2.4 Taxation

2.3 Equity et al

2.4 Externalities

2.5 Public Goods

2.6 Complications