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It’s not rocket science!
Microeconomics is a part of economics that studies the interaction between individuals and the Market. Although it does not seem very difficult to understand, behind every movement or impulse to purchase hides a great decision-making and a great mathematical analysis based on different theories.
And we are connoisseurs of each of the theories, like the consumer theory, Demand theory, the producer theory and theory of general equilibrium. We know how studies how the quantity and quality of products, goods, and services available in the market vary their prices, how he producer acts and what decisions the production company takes to increase its profits in the market and how microeconomic dynamics works.
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