For students who care about how an economy works, micro economics is one of the relevant and interesting subjects they should read. Understanding micro economics is vital for managerial decision making and formulating public policies. The present text is a humble submission in explaining the basics of microeconomics as per the new CBCS syllabus, introduced recently in Odisha. The book is written to cater to the needs of undergraduate Commerce and Arts students of the state for their generic elective courses.
Chapter 1 : Theory of Demand and Consumer Behaviour
Chapter 2 : Theory of Production
Chapter 3 : Theory of Cost
Chapter 4 : Perfect Competition
Chapter 5 : Monopoly
Chapter 6 : Imperfect Competition