Microeconomics BA - Toyba Alyas

📘 Part A: Microeconomics

Module 1: Introduction to Microeconomics

• Definition, scope & importance

• Central economic problems

• Production possibility curve

Module 2: Consumer Behavior

• Utility concepts

• Cardinal & ordinal approaches

• Indifference curves

• Consumer equilibrium

• Law of demand

• Elasticity of demand

Module 3: Producer Behavior & Supply

• Production function & laws of production

• Total, average & marginal products

• Cost concepts (TC, FC, VC, AC, MC)

• Revenue concepts

• Supply & elasticity of supply

Module 4: Markets

• Perfect competition

• Monopoly

• Monopolistic competition

• Oligopoly basics

• Price determination in different markets