Microeconomics – MA Economics First Sem

Categories: Economics
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About Course

Microeconomics – MA Economics First Sem program offers a deep understanding of topics in economics. It provides in-depth theoretical and empirical knowledge in order to analyze the social and economic challenges of our time.

What Will You Learn?

  • This course intends to equip the students with the methods and tools of economic analysis for giving advanced knowledge of microeconomic theory.
  • Ways to apply the knowledge in formulating and analyzing economic models and theories.

Course Content

Unt-1 Methodological Concepts

  • Equilibrium: Meaning and Existence
  • Equilibrium and Stability Test
  • Analysis of Equilibrium: Economic Statics
  • Analysis of Equilibrium: Comparative Statics
  • Analysis of Equilibrium: Economic Dynamics
  • Model in Economics: Definition and Importance
  • Types of Economic Model/Model in Economics
  • Choice between Models
  • Methods of Analysis-Deductive Method
  • Methods of Analysis-Inductive Method
  • Methods of Analysis-Hypothetico-Deductive Method
  • Importance of Assumptions, Hypothesis, and Empiricism in Economics
  • Scientific Paradigm of Economics
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