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A comprehensive study on ‘Introductory Microeconomics’ is designed keeping in mind the Principles of Microeconomics as part of syllabus covered for high school undergraduates at central universities in different parts of the world. At ‘The Saviour Academy’, we welcome you all to learn such a platform wherein we’ll be focusing upon the most important concepts from the examination perspective used under ‘Introductory Microeconomics’ such as “Production Possibility Frontiers”, “Demand & It’s Elasticity”, “Supply & It’s Elasticity”, “Consumer Choice & Indifference Curve Theory, “Income & Substitution Effects” as well as ‘Forms of Market’ like its “Perfectly Competitive Market”, “Imperfect Competition”, “Monopolistic Competition”, “Monopoly” and “Input Markets” with the help of technical tools, educational software and indeed with a lot of self-explanatory diagrams in a three-dimensional platform and then we say it had revolutionized the method of smart classes very well.
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Microeconomics studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption.
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Microeconomics deals with prices and production in single markets and the interaction between different markets but leaves the study of economy-wide aggregates to macroeconomics.
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Microeconomist formulate various types of models based on logic and observed human behavior and test the models against real-world observations.
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I hope this would be a great learning experience and will enhance your overall knowledge skill set about different topics from Introductory Microeconomics.
Forms of a Market Structure - An Introduction
Demand, Supply & It's Elasticity
Consumer's Choice
Costs & Production and Perfect Competition
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99.BUDGET CONSTRAINT
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1010.REPRESENTING CONSUMER'S PREFERENCES USING ORDINAL APPROACH-INDIFFERENCE CURVE
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1111.DECOMPOSITION OF INCOME EFFECT AND SUBSTITUTION EFFECT
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1212.DERIVING THE DD CURVE AND SPECIAL CASE OF GIFFEN GOODS- DD CURVE SLOPES BACK
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13HOW DO WAGES AFFECT LABOR SUPPLY CURVE - WHEN LABOR SUPPLY CURVE BENDS BACKWARD