# Intermediate Microeconomics Video Handbook (IMVH)

## ECON

The objectives of the Intermediate Microeconomics Video Handbook are to convey the basic concepts, intuition, and analytical steps for the neoclassical theory of consumers, producers, and markets, and also for important settings beyond the neoclassical model (monopoly and key applications of game theory such as imperfect competition, imperfect information, public goods, and externalities).

## More sessions coming soon

## About This Course

The objectives of the Intermediate Microeconomics Video Handbook are to convey the basic concepts, intuition, and analytical steps for the neoclassical theory of consumers, producers, and markets, and also for important settings beyond the neoclassical model (monopoly and key applications of game theory such as imperfect competition, imperfect information, public goods, and externalities).

The main concepts are all presented without calculus. Lectures with “(Calculus)” in their titles contain the more formal definitions and results that require calculus, as well as additional content. Students in courses that do not use calculus should view all of the video lectures except those marked “(Calculus).” Students in calculus-based courses should view all of the video lectures.

## What you will learn

Intermediate Microeconomics Video Handbook

IM6 Faculty, 2016

Topic Overview

A. Math Topics

1. Elasticity

2. Level Curves

3. Scale Properties of Functions

4. Solving Optimization Problems

5. Comparative Statics

B. Basics

1. Circular Flow of Economic Activity

2. Stocks, Flows and the Dimensions of Economic Activity

3. Supply, Demand and Markets

C. Theory of the Consumer

1. Preferences, Utility Functions and Indifference Curves

2. Utility Maximization Subject to a Budget Constraint

3. Comparative Statics of Demand: Income Changes

4. Comparative Statics of Demand: Price Changes

5. Compensated Price Changes, Compensated (“Hicksian”) demand functions

6. The Slutsky Equation

7. Consumer Surplus, Equivalent and Compensating Variation

8. Supply of Labor: The Labor-Leisure Decision

9. Supply of Saving: The Consumption-Savings Decision

10. Decision Making Under Uncertainty

D. Theory of the Firm

1. Theory of Production

2. Cost Functions

3. Optimal Supply in Markets

E. Equilibrium in Competitive Markets

1. Competitive Equilibrium in a Market

2. General Welfare Analysis

F. Game Theory

1. Overview of Game Theory

2. Static Games

3. Sequential Games

G. Imperfect Competition

1. Monopoly

2. Price Discrimination

3. Oligopoly

H. Externalities and Public Goods

1. Externalities

2. Public Goods

I. Asymmetric Information

1. Adverse Selection

2. Moral Hazard