Microeconomics

Admission Process in Microeconomics depends on the type of course individual is going to pursue, so its either merit-based or through entrance exams, depending on the institution. After qualifying, students may go through counseling and seat allocation based on their rank and preferences.

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.

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.

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.

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.

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.

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.

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.