Summary
Week 2
Vrije Universiteit · International Business Administration
Y2 - Economic Principles in a Global EraInhoud
De koppen uit dit document, op volgorde. Niet de inhoud zelf.
- Week 2
- Chapter 6: Sellers and Incentives
- 6.1 Sellers in a perfectly competitive market
- 6.2 The seller’s problem
- 6.3 From the seller’s problem to the supply curve
- 6.4 Producer surplus
- 6.5 From the short run to the long run
- 6.6 From the firm to the market: long-run competitive equilibrium
- Chapter 7: Perfect Competition and the Invisible Hand
- 7.1 Perfect competition and efficiency
- 7.2 Extending the reach of the invisible hand: from the individual to the firm
- 7.3 Extending the reach of the invisible hand: allocation of resources across industries
- 7.4 Prices guide the invisible hand
- 7.5 Equity and efficiency
- Chapter 8: Trade
- 8.1 The production possibilities curve
- 8.2 The basis for trade: comparative advantage
- 8.3 Trade between states
- 8.4 Trade between countries
- 8.5 Arguments against free trade
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