ECO402 Microeconomics Notes, MCQs & Assignments | Query Point Official

ECO402 ||| Microeconomics

ECO402 – Microeconomics focuses on the economic behavior of individual consumers, firms, and markets. This course explains how prices are determined, how resources are allocated, and how market structures influence economic outcomes.

Course Introduction

Microeconomics studies the decision-making processes of individuals and firms. Students learn about demand and supply, consumer choice, production theory, cost analysis, and different market structures operating in an economy.

Course Learning Objectives

• Understand basic microeconomic concepts
• Analyze consumer behavior and utility
• Study production and cost theories
• Understand price determination in markets
• Analyze different market structures

Major Topics / Syllabus

• Introduction to Microeconomics
• Demand, Supply, and Elasticity
• Consumer Behavior and Utility Theory
• Production Function and Cost Curves
• Short-Run and Long-Run Analysis
• Perfect Competition
• Monopoly
• Monopolistic Competition
• Oligopoly
• Market Failure and Government Intervention

Analytical & Practical Focus

• Price and output determination
• Graphical analysis of economic models
• Cost and revenue calculations
• Market efficiency analysis
• Policy implications in microeconomics

Practice Areas

• MCQs on microeconomic concepts
• Short questions for theory clarity
• Long analytical questions
• Numerical and graph-based problems
• Case studies on market behavior

Exam Preparation Tips

• Practice demand and supply graphs
• Understand cost curves and revenue models
• Focus on differences between market structures
• Revise formulas and elasticity concepts
• Solve past MCQs and numerical questions

ECO402 Microeconomics MCQs

ECO402 Microeconomics MCQs (click here)

ECO402 Microeconomics Questions

ECO402 Microeconomics Short & Long Questions (click here)

Assignment Questions

For Assignment Questions (click here)

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