This focused short course is meticulously designed for higher secondary school students (classes 11 and 12) seeking a deep, yet practical, understanding of microeconomics. We move beyond rote memory to explore the fundamental principles that govern decision-making for every individual consumer and producer in the economy.
Over four intensive modules, you will master core concepts starting with the foundational problems of scarcity and choice (using the PPF), moving through the intricate theory of consumer behaviour (demand, elasticity, and utility), and culminating in the essential theory of the firm (production, cost structures, and profit maximisation). A special focus is given to connecting these theories to India, using real-life examples from local markets to national policies, like how supply and demand work for agricultural products or the costs involved in Indian industries.
By the end of this course, you will not only be fully prepared for your board examinations but will also possess the analytical tools necessary to critically evaluate economic news, understand market dynamics, and make informed financial decisions. If you want to transform abstract economic ideas into practical market insights, this short course is the definitive starting point.