Microeconomics I (ECO 201)
Summer 2015
Instructors: Surajit Sinha and Vimal Kumar, Lectures: MWF 4pm - 6pm [L13]
Emails: suraji@iitk.ac.in and vk@iitk.ac.in
Office Hours [suraji]: Th 4-5 pm
Office: FB 623 [suraji] and FB 660 [vk]
Office Hours [vk]: W 10 - 11 am
Course Objective: Microeconomics helps in the understanding of the decision
making process of firms and individuals. The understanding of microeconomics
is required to study practically all the fields of Economics. The objective of this
course is to give a rigorous training to students in basic microeconomic analysis.
Course Outline
1. Introduction
2. Theory of Consumer Behavior
3. Theory of Production and Cost
4. Types of Market
5. Theory of Distribution and Pricing
Grading: Your final grade will be assigned on the basis of a weighted average
of your scores on the two exams (40 % for the midterm and 40 % for the final)
and 20% for attendance.
Textbooks
1. Intermediate Microeconomics, by H. R. Varian[Recommended]
2. Microeconomics: A Modern Approach by Andrew Schotter
3. Microeconomics and Behavior by Robert H. Frank.
Reference Book
1. Microeconomics by Gravelle and Rees.
2. Microeconomic Analysis by H. R. Varian.
Fun and Extra Readings
1. Murder at The Margin: A Henry Spearman Mystery by Marshall Jevons
2. The Invisible Heart: An Economic Romance by Russell Roberts
3. Freakonomics and Super Freakonomics by Levitt and Dubner