Microeconomics

This course introduces students to the basic principles of microeconomics. Students will learn about the behavior of consumers and producers in the market. The course will cover topics such as consumer demand, production, and market structures. Through diagrams and graphs, students will understand how economic concepts work in real-life situations.

By mastering microeconomic concepts, students develop analytical skills to understand everyday economic issues. They learn to think critically about market dynamics and make informed decisions.

This foundational course prepares students for advanced economics studies and real-world applications. It builds a strong understanding of economic principles, enabling students to analyze and solve problems effectively. The course fosters critical thinking, problem-solving, and decision-making skills, essential for future academic and professional pursuits.

Key Topics:

- Microeconomics and Macroeconomics 

- Law of Demand, determination of demand,Demand Schedule and demand Curve

- Supply Function, Law of Supply, Determination of supply. 

- Mechanisms of Demand and supplying 

- Utility: Cardinal and Ordinal 

- Law of margianla Utility, Law of equi Marginal Utility 

- Indifference Curve, Properties of IC. 

- Production and Cost

- Market Structures (All types of Markets)

Any other topic which are included in Syllabus of Class 12