# BBS 1st Year Microeconomics Notes

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Here are the BBS 1st Year Microeconomics Notes. TU bbs 1st year economics notes pdf download. Microeconomics is one of the subjects of BBS first-year. Along with Microeconomics, there are four other subjects as well.

## BBS 1st Year Microeconomics Notes PDF

Following are the chapter-wise microeconomics notes

Chapter 1: Introduction:

Microeconomics is the branch of economics that deals with small parts of an economy. It is all about how an individual makes a decision.

Chapter 2: Market Equilibrium and Efficiency

In a free Market economy, market forces are demand and supply. The equilibrium price and output are determined by the interaction between these two market forces.

Chapter 3: Elasticity of Demand and Supply

Price elasticity of demand is defined as the responsiveness of change in quantity demanded to the change in the price of the commodity.

Chapter 4: Analysis of Consumer Behaviors

It is the study of consumer how people will make their buying decisions with regard to a product, service, and company.

#### Chapter 5: Theory of Production

The mathematical and functional relationship between inputs and outputs is known as the production function.

Chapter 6: Cost and Revenue Curve

Cost is defined as the expenditure incurred on the factor of production while producing a commodity. Similarly, the mathematical relationship between cost and level of output is known as cost function.

Chapter 7: Theory of Product Pricing

The market structure refers to the characteristics or structural variables of the market that affect managerial decisions.

Chapter 8: Theory of Factor Pricing

Factor Pricing deals with the theory of factor price determination. The term factor refers to the factor of production.

These are the notes available with us of Microeconomics. Moreover, if you have notes of other chapters missing on the site, you can send them by CLICKING HERE.

a. BBS 1st year all subject Notes: CLICK HERE

b. Microeconomics Nepali Medium Notes: CLICK HERE

c. Model Question of Micro Economics: CLICK HERE

#### Frequently Asked Question

a. What is Microeconomics?

Microeconomics is the branch of economics that deals with small parts of an economy.

b. What is microeconomics PDF?

We have BBS 1st year microeconomics notes pdf. Students can download all the chapter BBS 1st years notes for the preparation of the final exam.

c. What are the 3 main concepts of microeconomics?

We have BBS 1st year microeconomics notes.

d. bbs 1st-year economics chapter 1

= We have BBS 1st year economics chapter 1, chapter 2, Chapter 3, and all the chapters.

e. BBS 1st year microeconomics notes pdf download

= All the BBS 1st year students can download the BBS first-year microeconomics notes pdf.

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Use these notes for the best of your exam and score more in the exam. These notes are useful for all the students studying in BBS 1st year all over Nepal.