Ranked #63 in Microeconomics
Find all of the following topics, explained in plain-English: Introduction: What is Economics? - Not a Perfect Model - Microeconomics vs. Macroeconomics 1. Maximizing Utility Decreasing Marginal Utility - Opportunity Costs 2. Evaluating Production Possibilities Production Possibilities Frontiers - Absolute and Comparative Advantage 3. Demand Determinants of Demand - Elasticity of Demand - Change in Demand vs. Change in Quantity Demanded 4. Supply Determinants of Supply - Elasticity of Supply - Change in Supply vs. Change in Quantity Supplied 5. Market Equilibrium How Market Equilibrium is... more