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ECS2601 Microeconomics Notes

University of South Africa

Here are the best resources to pass ECS2601 Microeconomics Notes. Find ECS2601 Microeconomics Notes study guides, notes, assignments, and much more.

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ECS2601-Microeconomics-Notes

  • ECS2601-Microeconomics-Notes

  • Other • 169 pages • 2021
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ECS2601-Microeconomics-Notes

  • ECS2601-Microeconomics-Notes

  • Class notes • 169 pages • 2021
  • The word economy comes from a Greek word for “one who manages a household. Definition of Economics: the study of how society manages its scares resources. How do we go from managing a household to managing an economy? - A household and an economy face many decisions: o Who will work? o What goods and many of them should be produced? o What resources should be used in production? o At what price should the goods be sold? Society and scare resources: The management of society’s resour...
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