Essentials of Microeconomic Theory: A Concise Exploration

Dimitrios Gourtzilidis
12 min readMar 1, 2024

This brief overview provides a foundational understanding of microeconomic theory, focusing on core concepts such as supply and demand, market equilibrium, and the behavior of individual economic agents. It highlights the principles governing consumer and producer choices and the impact of these decisions on market outcomes.

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The Basic Problem that Economics…

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