Here are the BBS 1st Year Microeconomics Notes. TU bbs 1st year economics notes pdf download.
Model Question of Microeconomics: CLICK HERE
BBS 1st Year Microeconomics Notes
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.
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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.
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Numerical: CLICK HERE
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.
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Numerical: CLICK HERE
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.
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Chapter 5: Theory of Production
The mathematical and functional relationship between inputs and outputs is known as production function.
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Chapter 6: Cost and Revenue Curve
Cost is defined as the expenditure incurrred on factor of production while producing a commodity. Similarly, the mathematical relationship between cost and level of output is known as cost function.
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Chapter 7: Theory of Product Pricing
The market structure refers to the characteristics or structural variables of the market that affects managerial decisions.
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Chapter 8: Theory of Factor Pricing
Factor Pricing deals with the theory of factor price determination. The term factor refers to factor of production.
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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.
Other Important Links:
a. BBS 1st year all subject Notes: CLICK HERE
b. Microeconomics Nepali Medium Notes: CLICK HERE
c. Model Question of Micro Economics: CLICK HERE
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