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:
Unit II: Theory Of Consumer Demand - Applied Economics
Unit III: Analysis Of Cost And Revenue - Applied Economics
Unit IV: Theory Of Production - Applied Economics
Unit V: Product Pricing - Applied Economics
Unit VI: Factor Pricing - Applied Economics
Unit VII: National Income - Applied Economics
Unit VIII: Theory Of Employment - Applied Economics
Unit IX: Consumption Saving And Investment Functions - Applied Economics
Unit X: Business Cycle - Applied Economics
Unit XI: The Mechanism Of Foreign Exchange - Applied Economics
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