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picture1_Economic Planning Pdf 126581 | Principles Of Microeconomics Notes For Class Test 1


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 95x       Filetype PDF       File size 2.35 MB       Source: michaelcornish.org


File: Economic Planning Pdf 126581 | Principles Of Microeconomics Notes For Class Test 1
PRINCIPLES OF MICROECONOMICS NOTES [For Class Test 1] Michael Cornish THE CAVEAT: These notes are not necessarily exhaustive – you must therefore use or rely upon them to your own ...

icon picture PDF Filetype PDF | Posted on 12 Oct 2022 | 2 years ago

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...Principles of microeconomics notes michael cornish the caveat these are not necessarily exhaustive you must therefore use or rely upon them to your own peril lecture i introduction what is economics study allocation resources economic problem limited v unlimited wants e scarcity analysis problems decisions made at margin hence marginal positive normative o descriptive explanatory can be checked with facts prescriptive based on values opinions as dismal science discipline attempts create standardised theories and models for human interactions regarding exchange products money some extent unpredictable a spectrum systems central planning mixed economy laissez faire capitalism productive efficiency product using least amount allocative allocated according their most social rationalism assumption that people make rational in pursuit self interest opportunity cost value next best alternative distinguishes from accounting ii foundational microeconomic concepts production possibility curves f...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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Posted on: 12 Oct 2022 | 2 years ago
										
										
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