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In this article, you’ll get:
Free downloadable PDF notes for each unit
Clear explanations in simple English
Topics covering the complete syllabus
Best study material for quick revision
Explore the units below for detailed content. Want’s to explore more subjects – Study Hub Zone
What is Microeconomics?
Microeconomics is the branch of economics that studies individual and business-level decision-making. It analyzes how households and firms allocate limited resources, determine prices, and interact in specific markets. Unlike macroeconomics, which focuses on the economy as a whole, microeconomics dives deep into consumer behavior, market dynamics, and cost theories.
These notes will help you understand essential topics such as:
Demand and Supply analysis
Elasticity of demand and supply
Consumer behavior and utility theories
Production and cost functions
Market structures – perfect competition, monopoly, oligopoly
Price determination and equilibrium
Marginal utility and indifference curve
Revenue and profit analysis
Why Use Our Microeconomics Notes?
👉 100% Syllabus Covered
👉 Designed for B.Com/BBA/UPSC/NET/MBA students
👉 Based on Latest University Curriculum
👉 Prepared by Expert Faculty
👉 Perfect for Exam Preparation & Viva
Download Microeconomics Notes PDF – Unit Wise
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Course Units
Unit 1: Introduction to Microeconomics
Topics Covered: The meaning, scope, and importance of microeconomics, differentiates it from macroeconomics, covers economic problems, price mechanism, and analyzes demand and supply laws, elasticity, and market equilibrium.
Unit 2: Consumer Behavior
Topics Covered: Theories of consumer behavior using cardinal and ordinal utility approaches, including the law of diminishing marginal utility, equi-marginal utility, indifference curves, and effects of income, price, and substitution.
Unit 3: Production Theory
Topics Covered: Focuses on short-run and long-run production functions, laws of production, isoquants, producer equilibrium, and provides detailed analysis of various cost concepts with their short-run and long-run cost curves.
Unit 4: Revenue and Market Structures
Topics Covered: Explores total, average, and marginal revenue concepts, their relation with price elasticity, and details four market structures—perfect competition, monopoly, monopolistic competition, and oligopoly with their price-output determination.
Unit 5: Factor Pricing and Distribution
Topics Covered: Factor pricing with theories of distribution, rent (Ricardian and modern), wages (real vs money), interest (classical and Keynesian), and profit theories including risk and uncertainty models.
Final Thoughts
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