It is the study of individual decision making units like the consumer, the producer, the firm and the industry
Sub-Courses available
Written content, videos, case studies and worksheets on the two basic theories of micro economics.
1. Law of Demand and Supply
2. Concept of Elasticity
3. Determinants and Exceptions
4. Examples, Case Studies, Worksheets
Written content, videos, case studies and worksheets on the Theory of Production
1. Production Function
2. Short Run Production Function - The Law of Variable Proportions
3. Long Run Production Function - The Law of Returns to Scale
4. Cost and Cost Concepts
5. Revenue and Revenue Concepts
Written content, videos, case studies and worksheets on Market & Market Forms
1. Perfectly competitive markets
2. Imperfectly competitive markets :- a) Monopolistic competition
b) Oligopoly
c) Monopoly
3. Price and Pricing strategies :- a) Price Discrimination
b) Cost Based Pricing
c) Marginal Pricing
d) Transfer Pricing