Microeconomic Theory

Microeconomics, studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Usually, it applies to markets where goods or services are bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services, which determines prices, and how prices, in turn, regulate the quantity supplied and quantity demanded of goods and services. Microeconomic Theory comprehensively covers all aspects of modern microeconomic theory and provides an in-depth analysis of the fundamentals of the subject. This book is designed to meet the needs of students, researchers and professionals in the economics program.