Introduction to Microeconomics
• ECO102 will introduce you to microeconomics: • Study of how individuals/households/firms make decisions over using scarce resources • Primarily, we will be focused on introducing you to the supply and demand model at the heart of most microeconomic analysis • Also cover concepts that are related to the market model and are central insights of microeconomics • For example: economic efficiency, measuring/understanding elasticities
Written for
- Institution
-
Niagara University
- Course
-
Micro
Document information
- Uploaded on
- March 19, 2024
- Number of pages
- 25
- Written in
- 2023/2024
- Type
- Presentation
- Person
- Unknown
Subjects
- chapter 1
- the scarcity principle
- cost benefit principle
- opportunity cost
- mportance of impl
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introduction to microeconomics
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microeconomics and macroeconomics
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economic surplus and cost benefit principle