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Courses » Microeconomics: Theory and Applications

Microeconomics: Theory and Applications

ABOUT THE COURSE:

Microeconomics: Theory and Applications presents all the standard topics of traditional microeconomic theory. It covers the basic concepts of Modeling Microeconomics, Application: Market Equilibrium, Consumer Equilibrium, Demand function , Consumer Behaviour Applications and Case Study: Market Analysis. 

Important For Certification/Credit Transfer:

Weekly Assignments and Discussion Forum can be accessed ONLY by enrolling here

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Note: Content is Free!

All content including discussion forum and assignments, is free


Final Exam (in-person, invigilated, currently conducted in India) is mandatory for Certification and has INR Rs. 1100 as exam fee.


INTENDED AUDIENCE:
Students of Economics, Commerce, or Management degree programs.

CORE/ELECTIVE: Core course in any Economics degree program. But this course may serve students in M.Com./M.B.A. programs as well if they are taking an Economics course

UG/PG: Both UG & PG (depends upon the use of Math in teaching Economics in that very program)

PREREQUISITES: Knowledge of Calculus (High school level) and Microsoft Excel.

INDUSTRY SUPPORT: Any industry that would like to educate their staff on basics of Economics. 

1159 students have enrolled already!!

ABOUT THE INSTRUCTOR:

  

Dr. Deep Mukherjee is an Assistant Professor of Economics, at the Department of Economic Sciences, Indian Institute of Technology Kanpur. He has done Ph.D., Agricultural & Resource Economics, University of Connecticut, 2012. His research interests are Cost Benefit Analysis, Efficiency & Productivity Analysis, Program Evaluation, Valuation of Environment and Public Goods.

COURSE LAYOUT:

Week 1 - Economic modelling
Week 2 - Theory of consumer behaviour
Week 3 - Theory of firm behaviour
Week 4 - Perfect competition
Week 5 - Imperfect competition
Week 6 - Externality with special reference to environmental problems
Week 7 - Linear Programming: Basics and Applications from Microeconomics
Week 8 - Introduction to Efficiency Analysis
Week 9 - Linear Regression Analysis
Week 10 - Application of Regression technique to solve Microeconomic problems
Week 11 - Application of Producer Theory, Theory of Cost and Valuing Public Good
Week 12 - Application: Valuing the Environmental Good

SUGGESTED READING MATERIALS:

(1) Baker, K.R. (2016). Optimization Modelling with Spreadsheets, 3rd edition. Wiley.
(2) Pindyck, R. S., Rubinfeld, D. L., & Mehta, P. L. (2009). Microeconomics, 7th edition. Pearson.
(3) Varian, H. R. (1992). Microeconomic Analysis, 3rd edition. W.W. Norton & Co.
CERTIFICATION EXAM :
  • The exam is optional for a fee.
  • Date of Exams : October 28,2018. (Sunday)
  • Time of Exams : Morning session 9am to 12 noon; Afternoon session: 2pm to 5pm
  • Exam for this course will be available in both morning & afternoon sessions.
  • Registration url: Announcements will be made when the registration form is open for registrations.
  • The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published.
CERTIFICATION:
  • Final score will be calculated as : 25% assignment score + 75% final exam score.
  • 25% assignment score is calculated as 25% of average of Best 8 out of 12 assignments.
  • E-Certificate will be given to those who register and write the exam and score greater than or equal to 40% final score. Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Kanpur.It will be e-verifiable at nptel.ac.in/noc.