Microeconomics (ECON101)
University Of Delaware
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Class notes
The Nature and Method of Economics (ECON101)
University Of Delaware
Microeconomics
Notes outlining the fundamental key concepts of the micro course including introducing the concept of scarcity, resources, and basic definitions. Outlines the difference between Macro and Micro economics. Explains factors of production and highlights the ultimate objective of economics. More topics include: - Positive vs Normative Statements - Marginal Analysis - Marginal Benefit and Marginal Cost Graph and what it means - The Economizing Problem - The Production Possibilities Curve - Exp...
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