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Microeconomics ( Price Theory ) In A Chart Scarcity Choice By Market Allocation Problem Efficiency & Equimarginal Principle Competition Price & Non-price Competition Nature of Market Discrimination By Central Planning Nature of Exchange Functions of Market Functions of Price Theorem of Exchange Transaction Cost & Property Rights Externality & Social Cost Economic Analysis & Theory Building Production Theory Consumer Theory Product Market Firm / Supply Consumer / Demand Condition of Equilibrium : MR = MC Law of Supply Factor Demand Factor Owners Law of Demand Structure of Product Market : Price-taking Vs Price-searching Production Function & Cost Curves Factor Income (Capitalised Income) Nature of Firm & Market Factor Market Condition of Equilibrium : MRP = MFC Structure of Factor Market : Price-taking Vs Price-searching Land, Labour, Capital, Entrepreneur Indifference Curve Approach & MUV Approach Macro / Rev-Chart.doc