• Introductory Microeconomics is an introduction to the study of economics; client behaviour; demand, supply, operation in markets. It also deal with market potency; welfare effects of international trade; public sector economics; the behaviour of companies and therefore the organisation of an industry; market structures — excellent competition and monopoly; economies of the labour market etc. The subject is taught in first semester to students enrolled in different financing and business courses. One can choose to study microeconomics online as well as offline.

ECGGC1101 Introductory Microeconomics Assignment Help

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  1. Introduction to Microeconomics
     • Economics as a Study of Provisioning
     • Economics as a Study of the Allocation of Scarce Resources
     • Social Science and Economics
     • Role of Individual in the Community
     • Cooperation, Competition and Conscription
  2. The Problem of Provisioning
     • Social Interaction
     • Division of Labor
     • Coordination of Efforts
     • Economic Activities
     • Coordination, Competition and Cooperation
  3. Introduction to Ways of Knowing
     • Facts, Information, Knowledge and Wisdom
     • Hypotheses, Theories, Laws and Models
     • Foundations of “Science”
     • Explanation, Prediction and Storytelling
     • Epistemology and Economic Methodology
  4. Individuals and Community
     • Institutions and Costs
     • Morality, Justice and a Stable Society
     • Organizations and Agents
     • Economic objectives
  5. Criteria for Evaluation
     • Criteria to Evaluate Ends and Means
     • Technical Efficiency
     • Production Possibilities Function
     • Pareto Efficiency
  6. Rules of the Game and Economics Systems
     • Economic Systems
     • Traditional Economies
     • Command Economies
     • Role of Government
  7. Economic Way of Thinking
     • Market Exchange as an Allocative Mechanism
     • Voluntary Exchange
     • Economic Way of Thinking
  8. Demand and Supply in a Market System
     • Demand Function
     • Individual Demand Function
     • Market Demand Function
     • Change in Quantity Demand
     • Inferior, Normal and Superior Goods

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