Project Summary: Structure of the course: The course material covers three broad components. The first part will be devoted to building concepts that are crucial for understanding models of micro-economic behavior. This will be followed by an actual analysis of the micro-economic models. The final part will address practical applications of the models. The topics will include: 1. Basic Concepts in Micro Economics 2. Market Equilibrium: Supply & Demand Analysis 3. Behavior of Firms 4. Welfare Analysis 5. Market Intervention 6. Open Economy Microeconomics