-Optimization over time: Multi-period consumption, Multi-period production function, Investment plan
-Factor-market Equilibrium: Demand, Supply and equilibrium; Theory of Distribution: Theory of Rent Determination, Theory of wage Determination (Marginal productivity theory, Euler’s theorem and adding-up controversy, Ricardian Theory, Modern Theory); Capital Budgeting: Valuation of capital assets, MP theory of capital, Keynesian (MEI) theory of PV criterion, MEI vs. PV criterion.
-Input-Output Model: Input-Output relationship, Hawkins-Simon conditions substitution theorem.
-Welfare Economics: Pareto Optimality, Efficiency of Perfect competition, Efficiency of Monopoly, Criteria for welfare judgments (Pareto, Kalder, Scitovsky, Bergson), Theorem on democratic group decisions.(example from health sector)
-General equilibrium: General equilibrium model: Say’s law and Walras law, pitfalls in determination of price level, General equilibrium and the theory of money (Say’s law and quantity theory), General equilibrium and economic welfare. (example from health sector)
-Game theory
-Principal-agent relationship
– Market failure

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