Microeconomics: Markets, Methods and Models provides a concise, yet
complete, coverage of introductory microeconomic theory, application and
policy in a Canadian and global environment. Topics covered includes:
introduction to key ideas, Theories, models and data, The classical
marketplace – demand and supply, Measures of response: elasticities, Welfare
economics and externalities, Individual choice, Firms, investors and capital
markets, Production and cost, Perfect competition, Monopoly , Imperfect
competition, Labour and capital, Human capital and the income distribution,
Government and International trade.
The given link provides access to lecture notes for the
course Principles of Microeconomics offered by the Massachusetts Institute of
Technology (MIT) in the fall of 2018. The lecture notes cover a wide range of
topics in microeconomics, including supply and demand, consumer behavior, and
market equilibrium. The notes are authored by Professor Jonathan Gruber and are
designed to supplement his lectures. The notes include graphs, equations, and
real-world examples to illustrate key concepts. They are a useful resource for
students studying microeconomics or for anyone interested in understanding how
markets work.
Author(s): Prof. Jonathan Gruber, Massachusetts
Institute of Technology
This note
covers the following topics: Solow growth model, Ramsey growth model,
Diamond overlapping-generations model Endogenous growth and human capital
models, Empirical growth analyses, Business cycles and RBC models,
Traditional business-cycle models, New Keynesian IS-LM, Phillips curve,
Lucas imperfect-information model, Imperfect competition and sticky prices,
Dynamic pricing models, Unemployment models and Investment theory.
This note covers the
following topics: A Representation Theorem for Utility Maximization,
Failures of Utility Maximization, Consumer Choice, Risk and Uncertainty,
Producer Theory.
This note explains the
following topics: Divisions of Economics, Importance of Economics,
Agricultural Economics Meaning, Definition , Law of Diminishing Marginal
Utility meaning, Definition, Assumption, Limitation, Importance,
Indifference curve approach, Consumer’s Surplus, National Income, Public
Revenue, Public Revenue, Public Expenditure, Inflation, meaning definition,
kind of inflation.
This note will provide
materiel from many areas related to behavioral economics. Topics covered
includes: bounded rationality, temptation and self control and reference
dependent preferences.
This note
describes the following topics: Theory of the Firm, Investment Decisions,
Vertically Related Markets and Competition Policy, Product market
Differentiation and Imperfect Information, Technical Change and Market
Structure, Indian Industry, Industrial growth in India.
This note explains the
following topics: Simple Representative Agent Models, Growth With
Overlapping Generations, Neoclassical Growth and Dynamic Programming,
Endogenous Growth , Choice Under Uncertainty, Consumption and Asset Pricing,
Search, Money and Unemployment, Overlapping Generations Models of Money, A
Cash-In-Advance Model.
Microeconomics: Markets, Methods and Models provides a concise, yet
complete, coverage of introductory microeconomic theory, application and
policy in a Canadian and global environment. Topics covered includes:
introduction to key ideas, Theories, models and data, The classical
marketplace – demand and supply, Measures of response: elasticities, Welfare
economics and externalities, Individual choice, Firms, investors and capital
markets, Production and cost, Perfect competition, Monopoly , Imperfect
competition, Labour and capital, Human capital and the income distribution,
Government and International trade.
This note covers the following topics:
The AD Curve and the IS-LM Model, The IS-LM Model and the AD curve,The Money
Market, The AS Curve and the Labour Market, The Open Economy, Macroeconomic
Policy Issues.
Principles of
Political Economy (1848) by John Stuart Mill was arguably the most
important economics or political economy textbook of the mid nineteenth
century. It was revised until its seventh edition in 1871, shortly before
Mill's death in 1873, and republished in numerous other editions. Beside
discussing descriptive issues such as which nations tended to benefit more
in a system of trade based on comparative advantage, the work also
discussed normative issues such as ideal systems of political economy,
critiquing proposed systems such as communism and socialism.