Overview

The field within economics that focuses on the actions of individuals and firms in order to make decisions related to the distribution of limited resources and the dynamics of interactions among them is known as microeconomics. The main objectives of microeconomics is to examine market mechanisms to determine the relative prices of goods and services. It plays a role in analyzing instances of market failure. Production theory, supply, demand, consumer demand theory, equilibrium, measurement of elasticities, costs of production, etc., are the key concepts of microeconomics. Applied microeconomics delves into specialized areas like labor economics, financial economics, public economics, health economics, and more. This book is a valuable compilation of topics, ranging from the basic to the most complex theories and principles in the field of microeconomics. Some of the diverse topics covered herein address the varied branches that fall under this category. Those in search of information to further their knowledge will be greatly assisted by this book

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9781647269401

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