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URL :  Principles of Microeconomics (UVic)
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Author : Dr. Emma Hutchinson
Detail : 2017 | ePub | 39.5 Mb | 557 pages

Also available in Kindle and PDF formats

eBook License: Creative Commons Attribution 4.0 International License


What is economics and why should you spend your time learning it? After all, there are other disciplines you could be studying, and other ways you could be spending your time. As the topic feature just mentioned, making choices is at the heart of what economists’ study, and your decision to take this course is as much as economic decision as anything else.

It is important to distinguish microeconomics from macroeconomics. Whereas macro studies how the aggregate economy behaves, with reference to inflation, price levels, rate of growth, national income, unemployment and more, micro focuses on individual decisions. (From Author)

eBook Contents

Introductory Concepts and Models - Specialization and Trade - Supply, Demand, and Equilibrium – Elasticity - Applications of Supply and Demand – Externalities - Consumer Theory - Producer Theory - Imperfect Competition
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