Micro Economics Book is the outcome of my experience of three and half decades of the teaching of micro-economics to graduate and post-graduate students of various universities.
With the decay of communism and re-enthroning of the market economy, it has become even more important to understand the function of the market as a coordinating system. Joan Robinson described the economic theory as a ‘‘box of tools’’. For proper handling of our tools, we must learn how they function. This book fulfils these objectives. I have tried to present a clear and accurate picture of modern microeconomics. While doing this, relevant historical account has also been added so that the principles of modern economics are understood in their proper perspective.
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