The Course intends to provide a sound microeconomic foundation for students wishing to become proficient economists, policy experts, or analysts in the field of micro-economy. It will equip the students with a thorough understanding of the microeconomics theory and thus enable them to understand and analyze socio-economic processes and relationships as driven by economic behavior at the micro-level. Throughout the course, specific micro-level issues will be studied with the objective to motivate and demonstrate the pertinence of economic analysis for sound microeconomics policy.

Ten Principles of economics, Demand Elasticity, and all Micro Topics.

Interference: Gains from Trade, Market structure, Externalities,

Market Structure is a very important area of microeconomics, so this course is covering perfect competition which includes the free market where sellers and buyers are price takers, not price makers. There is a total of ten principles of Economics, which relate to the three main areas, such as consumer side economy, producer side economy, and the whole economy.

Demand and price have an inverse relationship like when prices increase the demand of goods decreases at a different rate that is called demand elasticity. we can say if one percent change in price then how much change in demand that is called elasticity.