Microeconomics: Difference between revisions

Latest revision as of 03:56, 8 June 2009

Good morning, afternoon, and/or evening, and welcome to Economics 101 - Introduction to Microeconomics! Wikipedia defines Microeconomics to be "the study of the economic behaviour of individual consumers, firms, and industries and the distribution of production and income among them".

But what does this mean? "The study of economic behavior". One of the key concepts in Economics is the idea of scarcity. Society as a whole has unlimited wants, and scarcity occurs because there are not enough resources to satisfy these wants. Economic behavior comes into play when deciding how to allocate the resources available.

Lectures

Lecture I: Supply Demand and Equilibrium

Key Terms:

Supply, Quantity Supplied, Law of Supply, Demand, Quantity Demanded, Law of Demand, Equilibrium

Practice Problems: Practice Problems#Supply Demand and Equilibrium

Solutions: Ec 1101 Solutions#Supply Demand and Equilibrium

Lecture II: The Effects of Taxation

Key Terms:

Excise Tax, Sales Tax

Practice Problems: Practice Problems#The Effects of Taxation

Solutions: Ec 1101 Solutions#The Effects of Taxation

Lecture III: Indifference Curves and Budget Lines

Key Terms:

Indifference, Indifference Curve, Budget Line

Lecture IV: Building the Demand Curve

Key Terms:

Normal, Inferior, Ordinary, Giffen

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-I hope to update this more, but I'm going to have to do it in parts, so if you could leave this up and not delete it based on lack of information. Also, I would much appreciate formatting help, as I'm a new user, and am learning how to do this as I go.
+Good morning, afternoon, and/or evening, and welcome to Economics 101 - Introduction to Microeconomics! [http://en.wikipedia.org, Wikipedia] defines [[wikipedia:Microeconomics|Microeconomics]] to be "the study of the economic behaviour of individual consumers, firms, and industries and the distribution of production and income among them".
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-Good morning, afternoon, and/or evening, and welcome to Ec 1101, Microeconomics! [http://en.wikipedia.org, Wikipedia] defines [[wikipedia:Microeconomics]] to be "the study of the economic behaviour of individual consumers, firms, and industries and the distribution of production and income among them".
 But what does this mean? "The study of economic behavior". One of the key concepts in Economics is the idea of scarcity. Society as a whole has unlimited wants, and scarcity occurs because there are not enough resources to satisfy these wants. Economic behavior comes into play when deciding how to allocate the resources available.
 ==Lectures==
-*<b>Lecture I:</b> [[Ec 1101 Supply Demand and Equilibrium]]
+*<b>Lecture I:</b> [[Supply Demand and Equilibrium]]
 :Key Terms:
 ::''Supply'', ''Quantity Supplied'', ''Law of Supply'', ''Demand'', ''Quantity Demanded'', ''Law of Demand'', ''Equilibrium''
-:Practice Problems: [[Ec 1101 Practice Problems#Supply Demand and Equilibrium]]
+:Practice Problems: [[Practice Problems#Supply Demand and Equilibrium]]
 :Solutions: [[Ec 1101 Solutions#Supply Demand and Equilibrium]]
-*<b>Lecture II:</b> [[Ec 1101 The Effects of Taxation]]
+*<b>Lecture II:</b> [[The Effects of Taxation]]
 :Key Terms:
 :: ''Excise Tax'', ''Sales Tax''
-:Practice Problems: [[Ec 1101 Practice Problems#The Effects of Taxation]]
+:Practice Problems: [[Practice Problems#The Effects of Taxation]]
 :Solutions: [[Ec 1101 Solutions#The Effects of Taxation]]
-*<b>Lecture III:</b> [[Ec 1101 Indifference Curves and Budget Lines]]
+*<b>Lecture III:</b> [[Indifference Curves and Budget Lines]]
 :Key Terms:
 ::''Indifference'', ''Indifference Curve'', ''Budget Line''
-*<b>Lecture IV:</b> [[Ec 1101 Building the Demand Curve]]
+*<b>Lecture IV:</b> [[Building the Demand Curve]]
 :Key Terms:
 :: ''Normal'', ''Inferior'', ''Ordinary'', ''Giffen''
+==See also==
+* [[Economics]]
+* [[Managerial Economics]]
+* [[Statistical Economics]]
+* [[International Economics]]
+* [[Politics and Economics]]
+* [[Principles of Economics]]
+* [[Ecological Economics]]
+* [[Developmental economics]]
+[[Category:Economics]]
+{{ntnes}}

wikademia>Wikademia

Latest revision as of 03:56, 8 June 2009

Lectures

See also