This unit is offered in the school of economics and can be done by other courses such as Bcom, Bachelor of Arts, and BBM.
- Consumer Behaviour
Effects of changes in income and commodity price Demand Functions
Axiom of revealed preference
- Producer Behaviour
Production Technology Profit maximization
Firms and industry supply
- Market Structure
Perfect competition: partial and general competition equilibrium.
Models of imperfect competition.
Monopoly, oligopoly, contestable markets.
- General Equilibrium and Welfare
General equilibrium in exchange and production
General equilibrium in production
General equilibrium in consumption