What are the fundamentals of Microeconomics? First, we need to define Microeconomics, a general branch of economic theory that analyzes
Category: Markets
Topics about markets and how markets function.
Corona-Crash and the global economy
The Corona Crash in March 2020 significantly impacted the global economy, with many businesses forced to shut down and millions
Competitive and Complete Markets
Regarding economics, researching and lecturing economists often use two terms interchangeably – competitive and complete markets. While both these markets
Preferences and Utility Theory
Preferences and utility theory are the essential building blocks of explaining the behavioral decision-making of households in economic theory (Microeconomics).
Demand in Economics
What does demand in an economy mean? Why should we understand the demand factors in an economy? Students learning economics
How private Households maximize Utility
Did you understand how private households maximize utility in your microeconomics lecture or tutorial? Here is a revisit of the