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BLUE PRINT II PU ECONOMICS 202223 Sl.NoName of the ChapterHoursKNOWLEDGEMarksMICRO ECONOMICSUNDERSTANDINGAPPLICATIONSKILLType of questions VSQ1 mark, SQ2 marks, EQ4 marks, LSQ6marks, PQ5 marks VSQSQEQLEQPQVSQSQEQLEQPQVSQSQEQLEQ1Introduction040512Theory

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What is micro economics?

Microeconomics is a branch of economics that focuses on the behavior of individuals and firms in making decisions regarding the allocation of resources and the interactions among these agents in markets.

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Individuals and businesses that meet specific income and size thresholds may be required to file microeconomic reports if mandated by regulations or tax authorities.

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To fill out microeconomics reports, gather the necessary financial data, follow the prescribed format or guidelines provided by the relevant authority, and accurately report income, expenses, and other required information.

What is the purpose of micro economics?

The purpose of microeconomics is to analyze market mechanisms that establish relative prices among goods and services and allocate limited resources among various uses.

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Typically, reported information may include income, expenses, asset valuations, production costs, sales figures, and any other relevant financial data as required by the governing body.

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