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Supply and demand, price elasticity, market structures, individual consumer behaviour, and business decision-making are the central themes of microeconomics, an important branch of economics.

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Scope of Assignments in topics in Microeconomics- We Explain the Foundations of Microeconomics

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  • The law of supply and demand, market equilibrium, and the pricing mechanism
  • Demand and Supply Elasticity
  • Theory of Consumer Choice, Market Structures, and Competition

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  • Production Costs in Short- and Long-Term Scale Economies and Diseconomies
  • Workplaces, Benefit-Cost Evaluation, Marginal Cost and Revenue Analysis, and Wage Calculation
  • Factors Affecting Employment and Wages
  • The Impacts of Minimum Wage Legislation on Collective Bargaining, Labour Unions, Productivity, Human Capital Externalities, and Market Failures
  • Positive and negative externalities
  • The Problem of Public Goods and Free Riders
  • Taxation and Government Interventions
  • Carbon Pricing and Environmental Economics
  • Experimental and Behavioural Economics

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