This textbook has been designed to meet the needs of B.A. First Semester students of Economics as per Common Minimum Syllabus prescribed for Ranchi University and other universities in Jharkhand under the recommended National Education Policy 2020. Maintaining the traditional approach to the subject, this textbook comprehensively covers first semester paper, namely, 'Principles of Microeconomics'. This textbook acquaints the students with the important concepts of microeconomics such as demand, supply & market equilibrium, theory of consumer's behaviour, theory of production & cost, theory of firm & pricing in perfect competition, price & output under monopoly & imperfect competition, theory of distribution and lastly welfare economics & economic efficiency.
Comprehensive coverage of the syllabus
Written in lucid manner for better understanding of concept
Engaging chapter-end exercises have been provided for practice