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Market Players – Consumers (Demand), Producers (Supply) and the Government. The players interact in the market. This determines the equilibrium market price and quantity of the goods. The Government can change this equilibrium by a) directly fixing or controlling the prices and quantity, or b) influencing the consumer’ or producers’ decisions through taxes and Subsidies. Here is a visualization of the content in a bigger context.

How are the topics connected

The big picture – Microeconomics Course with Nisha Malhotra

How are the topics connected.


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