
Microeconomics Essentials You Always Wanted To Know
A Beginner's Guide to Demand, Supply, Consumer Behavior, Market Types, Factor Pricing & International Trade
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Microeconomics Essentials You Always Wanted To Know
A Beginner's Guide to Demand, Supply, Consumer Behavior, Market Types, Factor Pricing & International Trade
About this book
A Beginner's Guide to Demand, Supply, Consumer Behavior, Market Types, Factor Pricing & International Trade. A go-to guide for understanding all the crucial concepts that form the building blocks of microeconomics.
- Have you wondered how companies decide the price of their products?
- What factors do companies consider while allocating their resources?
- How does consumer behavior affect the factors of production?
Microeconomics Essentials You Always Wanted To Know has the answers to all your questions. The book shows how the demand of consumers affects the market supply and how price is a major determinant of them. Next, the book goes on to explain consumer behavior with the help of cardinal and ordinal utility approaches. The book dives deep into the functions of markets and the roles that they play in a booming or receding economy. Lastly, it touches upon the topic of international trade and its advantages for a country. It contains plenty of examples that are relevant to the real world which will make it easier for you to grasp the concepts. Microeconomics Essentials You Always Wanted To Know is a go-to guide for understanding all the crucial concepts that form the building blocks of microeconomics.
After reading this book, readers will:
- Understand the basic concepts of Microeconomics
- Learn the relationship between demand and supply
- Get to know the various types of markets
- Discover how prices of goods and services are determined
- Understand the theory of factor pricing
- Appreciate policy decisions related to taxation, interest rate, and internatio
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Information
Table of contents
- Fundamentals of Economics
- Demand and Supply
- Elasticities of Demand and Supply
- Consumer Behavior - Cardinal Utility Approach
- Consumer Behavior – Ordinal Utility Approach
- Theory of Cost and Production
- Market
- Theory of a Firm
- Theory of Factor Pricing
- International Trade