PRINCIPLES OF MICROECONOMICS
Principles of Micro Economics is customized to the requirements of the CBCS Syllabus prescribed by the UGC for undergraduate courses in Economics at all Indian universities. As per the guidelines issued by the UGC each of the universities have reframed and prescribed new syllabus for economics. We have made a positive response to this unique change in the form of this book, Principles of Micro Economics, which forms the core of new syllabus along with two other core subjects, viz. Principles of Macro Economics and the Indian Economy (our forthcoming titles). The philosophy underlying the scheme is that there should not be a critical variation in teaching of economics at different universities. There may be a requirement to accommodate localized differences. For this purpose guidelines offer sufficient scope. We have been guided by CBCS guidelines in preparing this all - India version of Principles of Micro Economics, in both spirit and sense. These guidelines defined the boundaries which are sacroscant for us and which we promised to ourselves not to cross. This gets reflected in the discussion and details in which the subject matter has been presented in the book. We have moved step-by-step gradually from low-hanging fruits to more adventurous areas, all the time keeping our eyes and ears open to the needs of the relatively slow learners of the subject. All the tools of teaching and learning basic Principles of Micro Economics have been effectively used, be it the data analysis, images and graphs, factual information and above all elementary algebra and calculus. These sync well with the easy language and simple style of presentation.