econmics (final exam )today
jimmy121
Course Content
· Basic Concepts such as Opportunity Cost, Marginal Cost, Sunk Cost
· Fallacies in Thinking
· Positive/Normative Economics, The subfields of Economics
· Production Possibilities Frontier
· Comparative Advantage, Absolute Advantage and Trade
· Consumer Choice and Utility Maximization
· The theory of Firm and Production Decisions
· Costs and Profit Maximization in the Short Run
· Costs and Profit Maximization in the Long Run
· Analysis of Perfect Competition
· Analysis of Monopoly
- 4 years ago
- 15
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