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    Quick Facts

    Medium Of InstructionsMode Of LearningMode Of Delivery
    EnglishSelf Study

    Courses and Certificate Fees

    Fees InformationsCertificate AvailabilityCertificate Providing Authority
    INR 1000yesIIT Kanpur

    The Syllabus

    • Introduction to Microeconomics for Managers, Fundamentals of Demand and Supply, Market Equilibrium, Factors affecting Demand and Supply, Comparative Statics

    • Price Elasticity of Demand, Elasticity and Revenue Maximization, Marginal Analysis I

    • Marginal Analysis II

    • Theory of Consumer Behavior I – Preferences, Utility, Indifference Curves, Marginal Rate of Substitution, Budget Constraint

    • Theory of Consumer Behavior II – Optimal Choice, Market Demand curve, Income Effect and Substitution Effect, Two applications of the theory of consumer behavior

    • Producer Theory I – Inputs and Production Function, Law of Diminishing Returns, Marginal Rate of Technical Substitution, Returns to Scale

    • Producer Theory II – Cost Minimization in the Long Run and Short Run, Input Demand curves

    • Producer Theory III – Cost Curves in the Short Run and Long Run, Economies of Scale

    • Market Structure I – Perfect Competition; Short Run supply curve, Long Run supply curve

    • Welfare Analysis in competitive markets

    • Market Structure II – Monopoly and its Regulation, Natural Monopoly, Regulating a natural monopoly

    • Capturing surplus – different types of price discrimination

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