Y1 - Microeconomics

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Summary

Week 1

Erasmus Universiteit · Int. Economics and Business Economics

Y1 - Microeconomics

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Week 1
Chapter 1 - Thinking like an economist
Chapter 2 - Supply and demand
Markets
Demand curves
Supply curves
Equilibrium quantity and price
Free markets and fairness
The rationing and allocative functions of price
Determinants of supply and demand
Predicting and explaining changes in price and quantity
Chapter 4 - Rational consumer choice
Chapter 4 Appendix - The utility function approach to the consumer budgeting problem

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