Explore the Marginal Rate of Substitution (MRS) and indifference curves—key concepts in microeconomics used to analyze consumer preferences and choices. Learn how MRS reflects trade-offs and diminishing utility.

Explore how taxes and subsidies affect markets by shifting supply and demand, influencing prices and quantities, and causing economic incidence and deadweight loss. Learn key concepts and visualize impacts with real-world examples.

Explore the third fundamental principle of microeconomics that explains how rational individuals make decisions by comparing marginal benefits and costs. Understand its impact on consumer choices, business strategies, and market behavior.

Learn the fundamental types of demand and supply curves and their elasticity characteristics. This microeconomics guide explains what influences shifts in curves and how market interactions lead to equilibrium prices and quantities.

B.Sc. (Hons.) Economics is a full-time, three-year graduation program. The program aims at creation, dissemination and curation of...