Economics : Introductory Microeconomics Chapter wise notes

 



Unit 1 : Introduction to economic trade-offs

Resources and opportunities, Gains from trade, Individual and society



Unit 2 : How market works

Supply and demand, Price and resource allocation, Elasticity, Market, trade and welfare.



Unit 3 : Role of government

Taxation, Public good, Inequality and poverty



Unit 4 : Individual decision and interactions

Decision versus strategic interaction, How to think about strategic interactions,

Real life Final Examinationples.



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