Microeconomics-I: HSL 511

Course details and Evaluation policy

Saptarshi Mukherjee, IIT Delhi
Monsoon 2023
August 1, 2023

1 Course Outline
• Theory of consumer behavior

– Preferences;
– Utility functions;
– Optimizations;
– Revealed preference;

• Theory of producer behavior

– Technology;
– Firm, its objectives and optimizing behavior.

• Markets

– Competition vs monopoly;
– Strategies and equilibria.

2 Course evaluation policy (tentative)

• Minor exam: 30 points

• Major exam: 50 points

• Assignment: 20 points

• No weight to attendance

1
3 Books and resources
• Microeconomics Theory, by A. Mas-colell, M. B. Whinston and J. R. Green.

• Teaching materials to be referred/uploaded time to time.