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.

This article delves into the mathematical definitions of supremum and infimum, exploring how they serve as bounds on sets and functions, their properties, and use cases in advanced mathematics.

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...