Week: 3- 4 Homogeneity of demand functions, Euler’s relation and demand elasticities, The Slutsky Equation: derivation and interpretation, Gross and net substitutes.
Course Material
- Week: 1- 2 Utility maximization and ordinary (Marshallian&Hicksian) demand functions. The inter-relationship between ordinary and compensated demands,
- Week: 3- 4 Homogeneity of demand functions, Euler’s relation and demand elasticities, The Slutsky Equation: derivation and interpretation, Gross and net substitutes.
- Week: 5- 6 Perfect competition, price and output determination, The imperfect competition: Monopoly and Monopsony, Duopololy and Oligopoly, Monopolistic competition,
- Week: 7- 8
- Week: 9 Mid Term Exam
- Week: 10- 11
- Week: 12- 13
- Week: 14- 15
- Week: 16- 17
- Week: 18 Final Term Exam
- Chapters 10
- Department Economics
- Teacher
Mr. Falak Sher
