The book focuses on foundational concepts of microeconomics, particularly relevant for B.Com 1st Year students, emphasizing consumer behavior, production, costs, and pricing in various market structures.
Yes, the book strictly adheres to the syllabus prescribed by Panjab University, Chandigarh, ensuring it covers all topics required for Semester 1.
The book is authored by T.R. Jain and V.K. Ohri, both of whom have extensive experience in teaching economics and business studies.
Key topics include demand theory, elasticity of demand, utility analysis, indifference curve analysis, production theory, cost concepts, revenue generation, and price determination in different market conditions.
Absolutely! Microeconomics by T.R. Jain and V.K. Ohri is structured to facilitate independent learning, with explanations and examples that guide readers through the subject matter.
Its alignment with the university syllabus, comprehensive coverage of essential microeconomic principles, and practical examples make it an invaluable resource for B.Com 1st Year students.
The book provides an in-depth explanation of demand theory, including the law of demand, types of elasticity, and factors that influence consumer choices and preferences.
Yes, the authors relate microeconomic principles to real-world business scenarios, enhancing students' understanding of how these concepts apply to business decision-making.
The content is organized into clear units focusing on consumer behavior, production and revenue, and market structures which facilitate a step-by-step understanding of microeconomics.
Students will develop a strong understanding of microeconomic theories, enhance their problem-solving skills, and learn to apply economic concepts to business contexts effectively.