MICROECONOMICS 1 INTRODUCTION: SCARCITY ECONOMIC PROBLEM POSITIVE ECONOMICS AND NORMATIVE ECONOMICS MICROECONOMICS AND MACROECONOMICS CENTERAL PROBLEMS OF AN ECONOMY OPPORTUNITY COST PRODUCTION POSSIBILITY FRONTIRE (PPF/C) 2 CONSUMER EQUILIBRIUM CARDINAL UTLITY APPROACH LAW OF DIMINISHING MARGINAL UTILITY CONSUMER EQUILIBRIUM ORDINAL UTILITY APPROACH (INDIFFERENCE CURVE ANALYSIS) BUDGET LINE CONSUMER EQUILIBRIUM BY INDIFFERNCE CURVE ANALYSIS 3 DEMAND DETERMINANTS OF DEMAND (INDIVIDUAL & MARKET) DEMAND FUNCTION (SCHEDULE, CURVE) LAW OF DEMAND (REASONS & EXCEPTIONS) CHANGE IN DEMAND (INCREASE & DECREASE IN DEMAND) CHANGE IN QUNTITY DEMAND(CONTRACTION AND EXPANSION) 4 ELASTICITY OF DEMAND CONCEPT OF ELASTICITY OF DEMAND PRICE ELASTICITY OF DEMNAD DEGREES OF ELASTICTY OF DEMAND PERCENTAGE METHOD FOR MEASURING ELASTICITY OF DEMAND FACTORS AFFECTING PRICE ELASTICITY OF DEMAND STATISTICS 1 INTRODUCTION: MEANING OF ECONOMICS ECONOMIC AND NON ECONOMIC ACTIVITIES MEANING OF STATISTICS FUNCTIONS OF STATISTICS IMPORTENCE OF STATISTICS LIMITATION OF STATISTICS 2 COLLECTION OF DATA PRIMARY & SECONDARY DATA (METHODES TO COLLECT THE PRIMARY DATA) CONSTRUCTION OF QUESTIONNAIRE CENSUS AND SAMPLING INVESTIGATION TECHNIQUES TYPES OF SAMPLING (METHODS OF SAMPLING) STATISTICAL ERRORS SOURCES OF SECONDARY DATA CENSUS OF INDIA & NSSO 3 ORGANISATION OF DATA MEANING OF CLASSIFICATION METHOD OF CLASSIFICATION STATISTICAL SERIES