Microeconomics I (2^nd Year)

Date: 2024

ISBN: 978-1-9256312-3-4

Format: A4, 2-page, Laminated Card

Description

The aim of this Student Guide Card is to provide second year students with an outline of the basic concepts and principles of Microeconomics I. In particular, the topics discussed in this title include: (i) the budget constraint; (ii) the budget line; (iii) shifts in budget line; (iv) consumer preferences; (v) assumptions about preferences; (vi) indifference curves; (vii) examples of preferences; (viii) marginal rate of substitution; (ix) utility; (x) the law of diminishing marginal utility; (xi) choice; (xii) optimal choice; (xiii) consumer demand; (xiv) demand bundle; and (xv) demand function.