This document contains the tentative teaching plan for an Introductory Microeconomics course at Heramba Chandra College from July to December 2018. The plan lists 50 lectures across 6 units covering topics such as scope of economics, demand and supply analysis, consumer behavior theory including utility and indifference curves, and the role of government in markets. It also includes 10 tutorials to discuss topics in more depth. Lectures may be delivered in the classroom or uploaded online through a MOOCs website, with online discussions if needed.

1. Lecture /
Tutorial
Unit Topic
Date of Class
/ Upload
Remark
Lecture-1 1 Scope and Method of Economics: Wants, Scarcity, Competing Ends and Choice – Defining Economics, Microeconomics and Macroeconomics 17/07/2018
Lecture-2 1 Thinking like an economist: Basic Economics Questions 19/07/2018
Lecture-3 1 Normative Economics and Positive Economics 24/07/2018
Lecture-4 1 Principles of Microeconomics – principles of individual decision making and principles of economic interactions, market economy 31/07/2018
Lecture-5 1 Property rights, market failure, externality and market power 13/08/2018
Tutorial-1 1 Exploring the subject matter of Economics 14/08/2018
Lecture-6 2 Elementary theory of Demand: Determinants of household demand and market demand, movement along and shift of the demand curve 16/08/2018
Lecture-7 2 Elementary theory of Supply: factors influencing supply, the supply curve, movement along and shift of the supply curve 20/08/2018
Lecture-8 2 The Elementary theory of market price: Determination of equilibrium price in a competitive market. 21/08/2018
Lecture-9 2 Market Adjustment without Government (with illustrations):the effect of shifts in demand 23/08/2018
Lecture-10 2 Market Adjustment without Government (with illustrations):the effect of shifts in supply 27/08/2018
Tutorial-2 2 Demand and Supply: How Markets Work 28/08/2018
Lecture-11 3 The Evolution of Market Economies, Price System and the Invisible Hand 29/08/2018
Lecture-12 3 The Decision-takers - households, firms and central authorities 30/08/2018
Lecture-13 3 The Concepts of Markets- individual market, separation of individual markets, interlinking of individual markets. 3/9/2018
Lecture-14 3 Difference among markets- competitiveness, goods and factor markets, Free and controlled markets 4/8/2018
Lecture-15 3 Market and non-market sectors, public and private sectors 6/8/2018
Tutorial-3 3 Market and Adjustments 10/9/2018
Lecture-16 3 Economies- free market, command and mixed 11/9/2018
Lecture-17 3 Different goods: Public goods 12/9/2018
Lecture-18 3 Different goods: Private goods 13/09/2018
Lecture-19 3 Common resources 17/09/2018
Lecture-20 3 Natural Monopolies 18/09/2018
Tutorial-4 3 Market Sensitivity and Elasticity 19/09/2018
Lecture-21 5 The Economic Role of Government with respect to Market 20/09/2018
Lecture-22 5 Price Ceiling and Market Adjustment (with short case studies of price and rent control) 24/09/2018
Lecture-23 5 Price Floor and Market Adjustment (with short case studies of agricultural administered price and minimum wage) 25/09/2018
Lecture-24 5 Black Market (and Public Distribution System) [Also, Glut (Excess Supply) and Public Procurement System ] 26/09/2018
Lecture-25 5 Tax and market adjustment-1 27/09/2018
Tutorial-5 5 Government Intervention 1/10/208
Heramba Chandra College
Department of Economics
Economics Core Course-I: ECO-A-CC-1-1-TH-TU
Introductory Microeconomics
Tentative Teaching Plan of Dr. Subir Maitra for Semester-1, July-December, 2018 Page-1
MOOCs Website: subirmaitra.wixsite.com/moocs
(Please note, if any Lecture can not be delivered in the Class-room of the College because of the College not remaining open due to C.U. Examinations or other reasons , the same will be
uploaded to the MOOCs website on the designated day and discussion on which may take place on MOOCs website through Online Chat Mode or through Skype at the designated hours to be
notified on MOOCs website. Since MOOCs are absolutely free, students of other Colleges under the University of Calcutta are welcome to follow these MOOCs)

2. Lecture /
Tutorial
Unit Topic
Date of Class
/ Upload
Remark
Lecture-26 5 Tax and market adjustment-2 3/10/2018
Lecture-27 5 Elasticity and Tax incidence 4/10/2018
Lecture-28 5 Comparison of markets with and without government 9/10/2018
Lecture-29 6 The History of Utility Theory – From Cardinal to Ordinal Approach. 10/10/2018
Lecture-30 6 Utility in Cardinal Approach- Utility and choice 11/10/2018
Tutorial-6 5 Government Intervention 29/10/2018
Lecture-31 6 Total Utility and Marginal Utility 30/10/2018
Lecture-32 6 Utility and choice-maximization, marginal utility 31/10/2018
Lecture-33 6 Theory of demand 1/11/2018
Lecture-34 6 Ordinal utility: Assumptions on preference ordering 5/11/2018
Lecture-35 6 Indifference curve, marginal rate of substitution and convexity of IC, budget constraint 12/11/2018
Tutorial-7 6 Utilitarian Approach 13/11/2018
Lecture-36 6 Consumers’ equilibrium-interior and corner, Derivation of Demand Curves from Ics, composite good convention 14/11/2018
Lecture-37 6 Application: Cash subsidy versus subsidy in kind 15/11/2018
Lecture-38 6 Price consumption curve (and derivation of Demand Curve) 19/11/2018
Lecture-39 6 Income consumption curve and Engel curve 20/11/2018
Lecture-40 6 Price effect - Income and Substitution effect (Hicks and Slutsky)-1 21/11/2018
Tutorial-8 6 Utilitarian Approach 22/11/2018
Lecture-41 6 Price effect - Income and Substitution effect (Hicks and Slutsky)-2 26/11/2018
Lecture-42 6 Price effect - Income and Substitution effect (Hicks and Slutsky)-3 27/11/2018
Lecture-43 6 Inferior goods and Giffen goods 28/11/2018
Lecture-44 6 Marshallian and compensated demand curves 29/11/2018
Lecture-45 6 Marshallian demand curve (and Walrasian Demand Curve) 3/12/2018
Tutorial-9 6 Utilitarian Approach 4/12/2018
Lecture-46 6 Revision Lecture Unit-1, Question/Answer and Doubt Clearing 5/12/2018
Lecture-47 6 Revision Lecture Unit-2, Question/Answer and Doubt Clearing 6/12/2018
Lecture-48 6 Revision Lecture Unit-3, Question/Answer and Doubt Clearing 10/12/2018
Lecture-49 6 Revision Lecture Unit-4, Question/Answer and Doubt Clearing 11/12/2018
Lecture-50 6 Revision Lecture Unit-5, Question/Answer and Doubt Clearing 12/12/2018
Tutorial-10 6 Revision Lecture Unit-6, Question/Answer and Doubt Clearing 13/12/2018
Heramba Chandra College
Department of Economics
Economics Core Course-I: ECO-A-CC-1-1-TH-TU
Introductory Microeconomics
Tentative Teaching Plan of Dr. Subir Maitra for Semester-1, July-December, 2018 Page-2
MOOCs Website: subirmaitra.wixsite.com/moocs
(Please note, if any Lecture can not be delivered in the Class-room of the College because of the College not remaining open due to C.U. Examinations or other reasons , the same will be
uploaded to the MOOCs website on the designated day and discussion on which may take place on MOOCs website through Online Chat Mode or through Skype at the designated hours to be
notified on MOOCs website. Since MOOCs are absolutely free, students of other Colleges under the University of Calcutta are welcome to follow these MOOCs)