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## 1. Block 1 : Consumer Behaviour 1. **Unit-1 Theory of Consumer Behaviour - Basic Themes** 1. The Basic Themes 2. Consumer Choice Concerning Utility 1. Cardinal Theory: An Introduction 2. Ordinal Theory: A Short Note 1. Indifference Curve Approach 2. Revealed Preference Approach 3. Introduction to Demand Analysis 4. Ordinal Theory: Indifference Curve Approach 1. Concept of Preference, Utility Function and Indifference Curve 2. Derivation of Indifference Curve and It's Properties 3. Utility Maximisation 4. Concepts of Income and Substitution Effects 5. Slutsky's Theorem 6. Compensated Demand Curve 2. **Unit-2 Theory of Demand** 1. Preference and Utility 1. Three BuildinBloc 2. Basic Axioms 3. Lexicographic Preference Relation 4. Quasi-concavity of Utility Function 5. A Note On Ordinality of Utility Function Indifference Curve and Budget Set 2. Indifference Curve and Budget Set 1. Slope and Curvature of Indifference Curve: Mathematical Derivation 2. Properties of Indifference Curve 3. Properties of Budget Set Utility Maximisation Problem (UMP) 3. Utility Maximisation Problem (UMP) 1. Mathematical Derivation of UMP 2. Diagramatic Representation of UMP 3. Properties of Walrasian or Ordinary Demand Function 4. Properties of Indirect Utility Function Expenditure Minimisation Problem (EMP) 4. Expenditure Minimisation Problem (EMP) 1. Mathematical Derivation of EMP 2. Diagramatic Representation of EMP 3. Properties of Hicksian Demand Function 4. Properties of Expenditure Function 1. Re-deriving some Standard Results by Using Shephard's Lemma 5. Decomposition of Price Effect 6. Ordinary Demand and Compensated Demand Functions Duality Relations 5. Duality Relations 1. Basic Duality Propositions 2. Basic Duality Relations 3. Slutsky Equation 3. **Unit 3 : Theory of Demand : Some Recent Developments** 1. Recent Developments in Demand Analysis: Linear Expenditure Systems 2. Theory of Consumer Surplus 3. Theory of Inter-Temporal Consumption 4. Elementary Theory of Price Formation: Demand-Supply Analysis 5. Cobweb Model 6. Lagged Adjustment in Interrelated Markets 1. That ## 2. Block 2 : Producer Behaviour 1. **Unit 4 : Theory of Production** 1. Short Period Analysis 1. Returns to a Factor 2. Long Period Analysis 1. Iso-quant 2. Elasticity of Substitution 3. Returns-to Scale 4. Homogeneous Production Function 2. **Unit 5 : Theory of Cost** 1. Concept of Short-Run and Long-Run 1. Long-Run Costs 2. Short-Run Costs 2. Traditional Theory of Cost 1. Theory of Cost in the Short-Run 2. Theory of Cost in the Long-Run 3. Economies of Scale 3. Modern Theory of Cost 3. **Unit 6 : Production Economics** 1. Production Functions 1. Technical Progress 2. Classifying Technical Progress 2. Cost Functions 3. Profit Maximisation 1. Profit Maximisation and Input Demand 2. Supply Function 3. Hotelling Lemma 4. The Envelope Theorem 4. Cost Minimisation and Profit 1. Cost-Minimising Inputs 2. Cost-Minimising Factor Demand Functions 3. Dual Problem: Output Vs Cost in Profit Maximisation ## 3. Block 3 : Price and Output Determination 1. **Unit 7 : Perfect Competition** 1. Perfect Competition 1. Short-run Equilibrium of Firm 2. Supply Curve of Firm and Industry 3. Short-run Equilibrium of Industry 4. Long-run Equilibrium of Firm and Industry 2. **Unit 8 : Monopoly** 1. Definition of a Monopoly 2. Factors Behind Generation of Monopoly 3. Demand and Revenue Functions of a Monopolist 4. Cost Function in Monopoly 5. Equilibrium of the Monopolist 1. Short-run Equilibrium 2. Long-run Equilibrium 6. Price Discrimination 1. Equilibrium of Discriminating Monopolist 2. Different Types of Price Discrimination 7. Welfare Aspects of Monopoly 8. Monopoly Control and Regulations 9. Multi-plant Monopolist 10. Bilateral Monopolist 3. **Unit 9 : Monopolistic Competition** 1. Features of Monopolistic Competition 2. General Approach to Equilibrium 1. Short-run Equilibrium 2. Long-run Equilibrium 3. Chamberlain's Approach to Equilibrium 1. Model 1 2. Model 2 3. Model 3 4. Selling Costs 5. Excess Capacity under Monopolistic Competition 6. Criticism of Monopolistic Competition 4. **Unit 10 : Oligopoly** 1. Oligopoly: Homogenous Product 1. Quasi-Competitive Solution 2. Collusion Solution 3. Cournot Solution 1. Cournot Model with Conjectural Variations 2. Isoprofit Curve and Cournot Equilibrium 4. Stackelberg Solution 1. Stackelberg Solution with Isoprofit Curves 5. Bertrand Competition 2. Oligopoly: Differential Products 1. Market-Shares Solution 2. Kinked-Demand-Curve Solution 3. Oligopsony
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