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Microeconomics Assignment Help

Economics has two branches

  1. Microeconomics &
  2. Macroeconomics

Microeconomics is the study of individual while Macroeconomics is the study of whole nation or economy. Microeconomics teaches us that how an individual household or firms take decisions in allocating their limited resources. Microeconomics relates to the market where goods and services are bought and sold. So we can say that Microeconomics determines the demand and supply in the market along with the nature of market like:

  1. Perfect Competition
  2. Monopoly
  3. Oligopoly

The main goal of Microeconomics is to establish relative prices for goods and services and allocation of limited resources amongst available alternatives. Main topics that are covered under Microeconomics are:

  1. Asymmetric information or Market Failure
  2. Factor Markets
  3. Game Theory
  4. General Equilibrium
  5. Theory of Consumer Behavior
  6. Theory of Monopolistic Competition
  7. Theory of Monopoly
  8. Theory of Oligopolistic Competition
  9. Theory of Perfect Completion
  10. Theory of Product and Cost
  11. Welfare Properties of Equilibrium

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