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Intermediate Microeconomics I: Behavioural foundations of Market Interactions

Learn from Former Delhi University Professor

Demo Lecture


  • Full Course Video Lectures

  • Complete syllabus covered AS PER DU

  • Hand Written & Printed Notes in PDF Format on portal

  • Previous Year Question Papers Discussed

  • Weekly Live Doubt Session

  • Assignment

  • Important Questions from Chapter Covered

  • Marathon Session

Unit - 1 

Consumer Behaviour 

Preference and utility, Budget and choice, Income and substitution effect, Demand derivation, Labour supply, One-person welfare


SF Chapters 2-6 

Optional reading: AMG Chapters 2-5; OR Chapters 1, 2, 4, 5

Unit - 2

Decision-making under uncertainty

Expected utility, Risk aversion, Insurance, Risk spreading

AMG Chapter 6

Optional reading: SF Chapter 19; OR Chapter 3

Unit - 3

Producer Behaviour and Markets

Technology, Profit maximization, Cost minimization, Supply, Short and long run


SF Chapters 8-10 

Optional reading: AMG Chapters 7-9 ; OR Chapter 6

References Books

  1. Serrano, Roberto and Feldman, Alan (2012), A short course in intermediate Microeconomics with Calculus, Cambridge University Press (SF)

  2. Espinola-Arredondo, Ana and Mu ̃noz-Garcia, Felix (2020), Intermediate Microeconomic Theory, MIT Press (AMG)

  3. Osborne, M J and Rubinstein, A (2020), Models in Microeconomic Theory, Open Book Publishers (OR)

  4. Mu ̃noz-Garcia, Felix (2017) Practice Exercises for Advanced Microeconomic Theory, MIT Press

  5. Dunaway, Eric; Strandholm, John C., Espinola-Arredondo, Ana and Munoz-Garcia, Felix (2020) Practice Exercises for Intermediate Microeconomic Theory, MIT press

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