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    This document outlines the topics covered in a microeconomics course, including supply and demand, market equilibrium, elasticities, effects of government intervention, consumer preferences and choice, individual demand, income and substitution effects, market demand, consumer surplus, production technology, production with variable inputs like labor, and returns to scale. It provides an overview of the key concepts that will be examined regarding how individuals and firms make decisions in the context of markets.

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    Presentation1

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    This document outlines the topics covered in a microeconomics course, including supply and demand, market equilibrium, elasticities, effects of government intervention, consumer preferences and choice, individual demand, income and substitution effects, market demand, consumer surplus, production technology, production with variable inputs like labor, and returns to scale. It provides an overview of the key concepts that will be examined regarding how individuals and firms make decisions in the context of markets.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    9 views1 page

    Presentation 1

    Uploaded by

    georgeavadakkel
    This document outlines the topics covered in a microeconomics course, including supply and demand, market equilibrium, elasticities, effects of government intervention, consumer preferences and choice, individual demand, income and substitution effects, market demand, consumer surplus, production technology, production with variable inputs like labor, and returns to scale. It provides an overview of the key concepts that will be examined regarding how individuals and firms make decisions in the context of markets.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 1

    Market

    2.1 Supply and Demand


    2.2 The Market Mechanism 1.1 The Themes of Microeconomics
    2.3 Changes in Market Equilibrium 1.2 What Is a Market?
    2.4 Elasticities of Supply and Demand 1.3 Real versus Nominal Prices
    2.5 Short-Run versus Long-Run Elasticities 1.4 Why Study Microeconomics?
    2.6 Understanding and Predicting the Effects of Changing Market Conditions
    2.7 Effects of Government Intervention—Price Controls
    3.1 Consumer Preferences
    3.2 Budget Constraints
    3.3 Consumer Choice
    3.4 Revealed Preference
    3.5 Marginal Utility and Consumer Choice

    Individual
    4.1 Individual Demand
    4.2 Income and Substitution Effects
    4.3 Market Demand
    4.4 Consumer Surplus

    Firm
    6.1 The Technology of Production
    6.2 Production with One Variable Input (Labor)
    6.3 Production with Two Variable Inputs
    6.4 Returns to Scale

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