Microeconomics

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New answer posted

2 months ago

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SHRUTI TIWARI

Contributor-Level 9

Yes Mathematics is necessary for pursuing Microeconomics, while not always mandatory. It is actually recommended for understanding quantitative concepts in microeconomics, especially at the postgraduate level. in UG leve it is also important but it's more there in PG level. 

New answer posted

2 months ago

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SHRUTI TIWARI

Contributor-Level 9

Yes, many institutions require entrance exams, for UG level but especially for postgraduate admissions. CUET is common for undergraduate programs at central universities, while specific universities like Delhi University, JNU, or the IITs may accept CUET or may have their exams for postgraduate studies, also many institutions accept direct admissions or Merit-based admissions.For more pieces of information kindly check the websites of the respective institutions.

New answer posted

2 months ago

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SHRUTI TIWARI

Contributor-Level 9

For a master's program, students typically need a bachelor's degree in economics or a related field with a minimum percentage (usually 50-55%). Some universities may also require entrance exams, and for exact and more information you can check the respective websites of the institutions.

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2 months ago

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SHRUTI TIWARI

Contributor-Level 9

While pursuing microeconomics you have to keep a few points in mind students must have completed 10+2 from a recognised board, often with a background in commerce, arts, or science. Also, some institutions may require a minimum percentage, especially in economics or mathematics. 

New answer posted

2 months ago

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SHRUTI TIWARI

Contributor-Level 9

Hey! It's a good question to ask, before pursuing any course you should have an idea about the preparation, so let me tell you that if you want to study microeconomics thoroughly, firstly to have to understand all the core concepts religiously and clear all the concepts, Then the second step starts with practising with diagrams to markets and using problem sets to apply theories practically. Mathematical skills, especially algebra and basic calculus, for topics such as profit maximization and cost analysis. If you have more doubts then you can get help from offline or online resources, you can solve previous year's question papers and
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New answer posted

2 months ago

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SHRUTI TIWARI

Contributor-Level 9

Different topics are covered in the Microeconomics course, in which we learn about the course in detail and also gain practical knowledge along with theoretical knowledge, topics typically include demand and supply analysis, consumer behaviour, production and cost theory, market structures (like monopoly, oligopoly, and perfect competition), and factor markets.

New answer posted

2 months ago

0 Follower 4 Views

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SHRUTI TIWARI

Contributor-Level 9

Microeconomics is a branch of economics that studies the behaviour of individuals and firms in decision-making and resource allocation. In this, we study how consumers and businesses make decisions about what to buy sell or produce. it studies individual economic units like consumers, firms and markets and also it aims to analyse the market mechanisms that establish prices among goods and services and allocate limited resources for alternative uses.

New answer posted

6 months ago

0 Follower 19 Views

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Keerthana Sundara Vadivel

Contributor-Level 10

The scope of Macroeconomics is widening with the rise in competition in the market. The field helps businessmen focus on prices and production in individual markets as well as the interplay between different markets.

New answer posted

6 months ago

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Keerthana Sundara Vadivel

Contributor-Level 10

As you might already know microeconomics is the study of producer tactics to maximise profits, consumer behaviour analysis to improve welfare and the efficient allocation and equitable distribution of resources. It assesses the competitiveness, efficiency of the market, and distribution of resources among various industries and purposes. In general, the goal of microeconomics is to shed light on how people make decisions and how markets interact to help shape laws that advance economy-wide welfare, equity and efficiency. The area of economics known as microeconomics examines decisions made by individuals and businesses on resource allo
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New answer posted

6 months ago

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Keerthana Sundara Vadivel

Contributor-Level 10

Students who have good marketing, problem-solving, and communication skills can pursue courses in Microeconomics. The students of Microeconomics can find employment in:Consultancy FirmsColleges/Universities/SchoolsMarketing departmentLegal FirmsFinancial InstitutionsMedia Organisations

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