This lecture note covers the
following topics: Modern Economics and Mathematics, Individual Decision
Making, Consumer Theory, Production Theory, Choice Under Uncertainty,
Strategic Behavior and Markets, Game Theory, Theory of the Market, General
Equilibrium Theory and Social Welfare, Normative Theory of Equilibrium: Its
Welfare Properties, Economic Core, Fair Allocations, and Social Choice
Theory, Externalities and Public Goods, Information, Incentives, Mechanism
Design, and Contract Theory.
The objective of
this book to familiarize the students with the basic concepts of economics
such as Demand, Supply, Goods, Utility and enable the students to understand
basic theories, Principles and laws relating to Consumption, Production and
Distribution.
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.