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The book is designed to meet the varying needs of the graduate students in economics. It is as per the new syllabus prescribed for Madhya Pradesh University. The book is the outcome of 40 years of long teaching and writing experience of the author. The author humbly claims the following features of the book. - It is written for students with simplicity and lucidity of exposition of the complexities of the subject-matter of topics included in the revised syllabus, simultaneously maintaining the standard of the textbook. - In writing the book, special care has been taken to avoid gaps in the sequential arrangement of topics in the syllabus and logically fabricated / developed the various facets of economic theory step-by-step with an integrated approach with a view to make it a comprehensive and complete volume by itself. - Topics covered are discussed, as far as possible, in a fairly self-contained manner. - It is self-explanatory. - It contains a lucid and synthesized review of the subject-matter from existing relevant literature so that the reader in spared of searching them in scattered places. As a teacher of economics, the author would like to give a word of advice to the students: A subject like Microeconomics should be studies very carefully, with a deep understanding of the material presented / discussed in the book. Remember, each sentence in the book carries a depth of meaning, reasoning and analytics of the subject. Master each new concept and key term. Try to understand the fundamentals. Once the fundamentals of economics have been properly grasped, the subject becomes very easy and interesting. Contents : Unit 1 1. Micro Economics Unit 2 2. Economic Laws 3. Economic Problems 4. Basic Problems of the Indian Economy Unit 3 5. Elasticity of Demand Unit 4 6. Factors of Production Unit 5 7. Laws of Production 8. Economies and Diseconomies of Scale 9. Theories of Population
