Microeconomics may be defined as the branch of economic analysis which studies the economic behavior of an individual economic unit may be a person, a particular households, a particular firm and an industry.
Macroeconomics is derived from the Greek word “Makros”, which means “big”. Hence, macroeconomics studies, not individual units but all the units combined together or the economy as a whole.
In this “Introduction of Economics - Applied Economics” you will learn about following topics:
- Microeconomics
- Types of Microeconomics
- Macroeconomics
- Types of Macroeconomics
- Interdependencies between Microeconomics and Macro-economics
- Difference between Micro-economics and Macro-economics
- Economic Inequality
- Types of Economic Inequality
- Measurement of Inequality
- Commonly Used Measures of Economic Inequality
- Equilibrium
- Types of Equilibrium
- Stock and Flow Ratio Variables
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BCA 6th Semester Applied Economics Notes Pdf:
- Unit II: Theory Of Consumer Demand
- Unit III: Analysis Of Cost And Revenue
- Unit IV: Theory Of Production
- Unit V: Product Pricing
- Unit VI: Factor Pricing
- Unit VII: National Income
- Unit VIII: Theory Of Employment
- Unit IX: Consumption Saving And Investment Functions
- Unit X: Business Cycle
- Unit XI: The Mechanism Of Foreign Exchange
- Unit XII: Macro Stabilizing Policies
- Unit XIII: Economics of Development
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