Principles of Microeconomics Econ 101

·         Introduction: definition - Economic Methodology –The Economic Problem

·         Price System: The Market - Demand and Supply
 
·         Consumer Theory: Cardinal and Ordinal utility – Consumer Equilibrium - Consumer Demand
 
·         Market Demand and Elasticity
 
·         Theory of the Firm
 
·         Production and Cost: Production, Costs, and Diminishing Returns
 
·         Market Structure and Equilibrium: Competition, Imperfect Competition and Monopoly