Economics
This course introduces the basic principles of Microeconomics and Macroeconomics. Students learn about individual economic units like consumers and firms, market structures, demand and supply, national income, inflation, and economic growth.
MCQs
Test your basic understanding of key economics concepts, definitions, and theories. These questions check your quick recall and conceptual clarity.
Short QUestions
Answer brief and focused questions to explain core ideas, terms, and relationships in economics. These test your understanding and ability to define or describe economic concepts clearly.
Detailed Questions
Develop detailed answers with examples and explanations. These questions assess your deep understanding, analytical skills, and ability to discuss economic topics comprehensively.
Micro Economics – ICOM Notes
In Microeconomics, students study the behavior of individual economic units such as consumers, producers, and firms. The topics include the concept of economics, basic economic problems, demand and supply theory, utility analysis, laws of production, cost and revenue concepts, and market structures like perfect competition and monopoly. It also covers how prices are determined, how resources are allocated efficiently, and how individuals and businesses make decisions to maximize profit and satisfaction. Overall, microeconomics helps students understand the small-scale functioning of the economy and the role of individual choices in shaping market outcomes.
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