Module 1
Introduction to Microeconomics
Microeconomics A study of decisions of individuals and firms in relation to the scarcity of resou...
Conceptual Tools
Opportunity Cost The next best alternative that is given up while making a decision or choice. Ex...
Law Of Demand
Demand is negatively correlated with price. If price increases, demand will decrease. Ceteris par...
Law Of Supply
Amount of good that sellers are willing and able to sell at a given time. Marginal Cost VS Margin...