When.com Web Search

Search results

  1. Results From The WOW.Com Content Network
  2. AP Microeconomics - Wikipedia

    en.wikipedia.org/wiki/AP_Microeconomics

    The course begins with a study of fundamental economic concepts such as scarcity, opportunity costs, production possibilities, specialization, and comparative advantage. Major topics include the nature and functions of product markets; factor markets; and efficiency, equity, and the role of government. [ 1 ]

  3. Microeconomics - Wikipedia

    en.wikipedia.org/wiki/Microeconomics

    One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses. [4] Microeconomics shows conditions under which free markets lead to desirable allocations. It also analyzes market failure, where markets fail to produce efficient results ...

  4. Microeconomic Theory (textbook) - Wikipedia

    en.wikipedia.org/wiki/Microeconomic_Theory...

    Microeconomic Theory by Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green is the standard US graduate level microeconomics textbook. First published in 1995, the book consists of five parts: Part I: Individual Decision-Making; Part II: Game Theory; Part III: Market Equilibrium and Market Failure; Part IV: General Equilibrium; Part V: Welfare Economics and Incentives.

  5. Category:Microeconomics - Wikipedia

    en.wikipedia.org/wiki/Category:Microeconomics

    Download QR code; Print/export Download as PDF; ... Microeconomics is included in the JEL classification codes as JEL: D. ... (economics) F. False economy; First ...

  6. Income–consumption curve - Wikipedia

    en.wikipedia.org/wiki/Income–consumption_curve

    As the income of the consumer rises, and the consumer chooses X 0 instead of X ' i.e. if the consumer's indifference curve is I 4 and not I 2, then the demand for X 1 would fall . In that case, X 1 would be called an inferior good i.e. demand for good X 1 decreases with a rise in income of the consumer. Thus, a rise in income of the consumer ...

  7. Marshallian demand function - Wikipedia

    en.wikipedia.org/wiki/Marshallian_demand_function

    In microeconomics, a consumer's Marshallian demand function (named after Alfred Marshall) is the quantity they demand of a particular good as a function of its price, their income, and the prices of other goods, a more technical exposition of the standard demand function.

  8. Opportunity cost - Wikipedia

    en.wikipedia.org/wiki/Opportunity_cost

    Opportunity cost is the concept of ensuring efficient use of scarce resources, [25] a concept that is central to health economics. The massive increase in the need for intensive care has largely limited and exacerbated the department's ability to address routine health problems.

  9. Long run and short run - Wikipedia

    en.wikipedia.org/wiki/Long_run_and_short_run

    In economics, the long-run is a theoretical concept in which all markets are in equilibrium, and all prices and quantities have fully adjusted and are in equilibrium.The long-run contrasts with the short-run, in which there are some constraints and markets are not fully in equilibrium.