This branch of Economics focuses on the actions of individuals and industries within the economy, buyer-seller interactions, how businesses respond to price variations and fluctuations and how this impacts demand – thereby analyzing the parts which make up the economy. Concepts such as appropriate production control through cost effectiveness and efficiency are well covered by this branch.

There are various applications of Economics. The economists describe and measure their observations with regards to economic parameters and concepts. They then propose an explanation for such observations and develop the various hypothesis and constructing models. Hypothesis testing is then done to understand if it should be accepted or rejected. If the model works well, the economists use it further to predict future buying behaviour.


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Various topics have been covered by our experts under the subject of Microeconomics. Few of these have been listed below:

  • Consumer behaviour for pricing
  • Barriers to entry in a monopoly market
  • Concepts of perfect competition
  • Game theory
  • Perfect Market
  • Problems of an economy
  • Rationality and choice
  • Perfect competition and oligopoly
  • Monopolistic competition
  • Is breaking up of a natural monopoly a Pareto efficient change?
  • Market failure and externalities
  • Economies of scale
  • Elasticity of demand
  • Environmental economics
  • Different market structures
  • Price evaluation of supply and demand commodities
  • Market inflation and effects on consumers
  • Advertising effects on consumer
  • Pros and cons of privatized health care
  • Economical influence on mass population
  • Recession on industry and its effects


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