Based on consideration of time, microeconomic analysis can be divided into three types. Micro Statics/Micro Static Analysis Comparative Micro Statics/ Comparative Micro Static Analysis Micro Dynamics/ Micro Dynamic Analysis The detailed study material and video presentations are attached below. The Video Presentation
Static and Dynamic Analysis of Microeconomics Read More »
Economics is all about making rational economic decisions in a state of scarcity. Economics study how scarce economic resources are allocated.And economics also analyzes the forces and trends that affect the economy as a whole, including the growth rate of output, the rate of the population that cannot find work, the rate at which price
Ten Principles of Economics BBS First Year Microeconomics Read More »
ContentUnit 2: Market Equilibrium and Efficiency
Microeconomics Note BBS First Year Read More »
Business economics is a relatively new branch of economics developed in the 1950sBusiness economics refers to the application of economic theories, principles, and methods in the business or managerial decision-making process. It provides the base or criteria to the managers while solving the problems related to the allocation of scarce resources Business organizations face different
Meaning and Nature of Business Economics Read More »
Production possibility set refers to different possible combinations of two goods that can be produced from a given amount of resources and a given level of technologyProduction possibility curve or frontier (PPF) shows the various alternative combinations of goods and services that an economy can produce when the resources are all fully and efficiently employed.
Production Possibility Curve (PPC) Read More »
Unit 1: Introduction to Microeconomics Meaning of Microeconomics Generally, the subject matter of economics is divided into two main branches. They are microeconomics and macroeconomics. The terms ‘micro’ and ‘macro’ were first used in economics by Norwegian economist Ragnar Frisch in 1933. These terms were derived from Greek words ‘MIKROS’ and ‘MAKROS’ respectively which refers
BBS First Year Microeconomics Note Read More »
ContentMeaning, Features, Scope, Uses, and Limitations of Microeconomics Meaning of Microeconomics Generally, the subject matter of economics is divided into two main branches. They are microeconomics and macroeconomics. The terms ‘micro’ and ‘macro’ were first used in economics by Norwegian economist Ragnar Frisch in 1933. These terms were derived from Greek words ‘MIKROS’ and ‘MAKROS’
Meaning, Features, Scope, Uses, and Limitations of Microeconomics Read More »
