๐ Module 1: Introduction to Microeconomics
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What is Microeconomics?
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Importance and scope
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Positive vs Normative Economics
๐ Module 2: Demand and Supply
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Law of Demand and its exceptions
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Law of Supply
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Market Equilibrium and Shifts
๐ Module 3: Theory of Consumer Behavior
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Utility Analysis: Total and Marginal Utility
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Indifference Curve Analysis
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Consumer Equilibrium
๐ Module 4: Theory of Production and Costs
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Production Function: Short and Long Run
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Law of Variable Proportions
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Cost Curves: Fixed, Variable, Total, Average, and Marginal Costs
๐ Module 5: Market Structures
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Perfect Competition
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Monopoly
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Monopolistic Competition
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Oligopoly
๐ Module 6: Factor Pricing and Distribution
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Rent: Ricardian and Modern Theories
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Wages: Classical and Modern Views
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Interest and Profits
- Teacher: Admin User