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Chapter 1

1) The document provides notes on microeconomics for first year BBS students at Tribhuvan University. It defines microeconomics as the study of individual units like households and firms, and their behavior in specific markets. 2) Key topics covered in microeconomics are outlined, including supply and demand, consumer behavior, production functions, and perfect competition. Important microeconomics thinkers like Adam Smith, Alfred Marshall, and Paul Samuelson are also mentioned. 3) Microeconomics examines how individual units interact in competitive markets and how prices are determined by supply and demand. It aims to explain individual decision making and the allocation of scarce resources.

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Shraddha Nepal
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0% found this document useful (0 votes)
89 views14 pages

Chapter 1

1) The document provides notes on microeconomics for first year BBS students at Tribhuvan University. It defines microeconomics as the study of individual units like households and firms, and their behavior in specific markets. 2) Key topics covered in microeconomics are outlined, including supply and demand, consumer behavior, production functions, and perfect competition. Important microeconomics thinkers like Adam Smith, Alfred Marshall, and Paul Samuelson are also mentioned. 3) Microeconomics examines how individual units interact in competitive markets and how prices are determined by supply and demand. It aims to explain individual decision making and the allocation of scarce resources.

Uploaded by

Shraddha Nepal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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