Basic Microeconomics is prescribed as compulsory paper for 3rd semester Economics students under national Education Policy. It is designed in keeping the view of student who have taken Economics as a discipline. It is designed by using simple language and used simple text design to understand the subject easily even by average student, text is made in simple pedagogy, which help the student to understand the subject easily and capable to face the examination with confidence. The book, including basic concepts and fundamental of microeconomics theory. At the same time, the book includes several innovative and interactive features designed to enhance student learning, instructors can also customise the book adapting it to the approach that works best in their classroom. This book organised into nine-chapter; book has been written to cater to the need of undergraduate’ students. Further examples have been added into the concepts to prepare for the project work and gaining practical knowledge.
Contents –
Unit I : BASICS OF MICROECONOMICS
1. Microeconomic Concept and Relationship
2. Supply and Demand
Unit 2 : CONSUMPTION DECISIONS
3. The Households
Unit 3 : PRODUCTION AND COSTS
4. The Firms
5. Cost of Production
Unit 4 : PRICING
6. The Markets
7. The Marginal Productivity Theory of Distribution
Unit 5 : WELFARE ECONOMICS
8. Welfare Economics
Unit 6 : ECONOMICS IN ACTION
9. Economic Theory and Policy
