Synopsis The book deals with the various parts of micro economic theory. The ordinal approach to utility based on Indifference curve analysis has been discussed. Production function dealing with short run and long run operation of the laws and returns and returns to scale have been analysed. Price and output determination under various market structures have been described. The various theories of factor pricing-Rent, Wages, Interest and Profit have been discussed. The National Income analysis has been analysed with the relationship between the national income and economic welfare. The book is an interesting presentation of micro economic theory with the presentation of tables, schedules and diagrams. This book will provide an indepth study of the subject to the students at UG and PG levels, policy makers and professional courses, namely, MBA, BBA, CA, CS and ICWAI, etc, and to the general readers.