Description

Hello Everyone,

We,at FACT, are glad that you chose to study the AP and complete a few credits before you the enter the university. This will not only help you but your parents as well and we are throughout with you supporting your preparation. 

Welcome to the World of Micro Economics!

This is that branch of Economics which looks at the world from a smaller poirnt of view as in the word Micro which means small. Here we will keenly looking at various aspects of Economics like how individuals and firms take decisions regarding the scarcity of resources and their interactions with each other. 

I wouldn’t further descibe as it may spoil the fun that lies ahead. So, without wasting much of our time, let us begin our journey and I will take you through how individual’s/firms interact and take decisions in the market looking through a Micro-scopic view.