» Từ khóa: market system

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Lecture Microeconomics (20/e): Chapter 2 - Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

Chapter 2 - The market system and the circular flow. This chapter begins with a brief comparison of command and laissez-faire systems, then transitions to a discussion of the characteristics of a market system. The five fundamental questions faced by every economy are presented along with how a market economy answers each one.

19 p hce 28/04/2016 295 2

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Economic systems, Market system
Lecture Understanding economics (2nd edition): Chapter 7 - Mark Lovewell, Khoa Nguyen

Chapter 7 - Wages, rent, interest, and profit. In this chapter you will consider how businesses choose the profit-maximizing amount of a resource they use when they are price-takers in the product markets in which they sell their products; look at the case where businesses are price-makers in their product markets and analyze the factors that change resource demand and affect the price elasticity of resource demand;...

34 p hce 28/04/2016 411 2

Từ khóa: Understanding economics, Lecture Understanding economics, Economic problem, Economic systems, Demand for resources, Competitive labour market
Lecture Understanding economics (2nd edition): Chapter 5 - Mark Lovewell, Khoa Nguyen

Chapter 5 - Perfect competition. In this chapter you will: Consider the four market structures, and the main differences among them; learn about the profit-maximizing rule and how perfectly competitors use it in the short run; examine how perfect competitive markets adjust in the long run, and the benefits they provide to consumers.

26 p hce 28/04/2016 377 2

Từ khóa: Understanding economics, Lecture Understanding economics, Economic problem, Economic systems, Perfect competition, Market structures

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