This note explains the
following topics: Divisions of Economics, Importance of Economics,
Agricultural Economics Meaning, Definition , Law of Diminishing Marginal
Utility meaning, Definition, Assumption, Limitation, Importance,
Indifference curve approach, Consumer’s Surplus, National Income, Public
Revenue, Public Revenue, Public Expenditure, Inflation, meaning definition,
kind of inflation.
The given link provides access to lecture notes for the
course Principles of Microeconomics offered by the Massachusetts Institute of
Technology (MIT) in the fall of 2018. The lecture notes cover a wide range of
topics in microeconomics, including supply and demand, consumer behavior, and
market equilibrium. The notes are authored by Professor Jonathan Gruber and are
designed to supplement his lectures. The notes include graphs, equations, and
real-world examples to illustrate key concepts. They are a useful resource for
students studying microeconomics or for anyone interested in understanding how
markets work.
Author(s): Prof. Jonathan Gruber, Massachusetts
Institute of Technology
This note describes the following topics: Economic Motives, Wealth
And Welfare, The Nature Of Demand, Exchange In A Market, Psychic Income, The
Law Of Diminishing Returns, The Theory Of Rent, Repair, Depreciation, And
Destruction Of Wealth, Capitalization And Time-value, The Money Economy And
The Concept Of Capital, Interest On Money Loans, The Value Of Human
Services.