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This is part 1 of a series of quick notes for microeconomics at the principles level (suitable for year 1 economics major students). The series comprises all the essential topics and concepts for the mastery of microeconomics at this level. The exposition of the topics and concepts uses a clear, intuitive style to help students get a good and deep understanding without going too much into the technical details. The notes also detail the pitfalls to avoid in economic thinking and reasoning. Where applicable, each part also has a mathematical extension that links the concepts to their mathematical foundations, to prepare students for the higher levels of economics.
Part 1 topics: demand, supply and market equilibrium.