Microeconomics

This chapter covers topics, such as, Introduction to an Economy, Central Problems of an Economy and Organisation of Economic Activities etc.

This chapter covers topics, such as, Introduction to Utility, Cardinal Utility, Ordinal Utility and Consumer's Budget etc.

This chapter covers topics, such as, Production Function and its Types, Total Product, Average Product and Marginal Product, Law of Variable Proportions and Returns to Scale etc.

This chapter covers topics, such as, Features of Perfect Competition, Revenue, Profit Maximisation and Supply Curve of a Firm etc.

This chapter covers topics, such as, Equilibrium, Excess Demand and Supply, Market Equilibrium: Fixed Number of Firms, Market Equilibrium: Free Entry and Exit and Government Intervention in Controlling Price etc.