Preferences and utility theory are the essential building blocks of explaining the behavioral decision-making of households in economic theory. Therefore,
Microeconomic topics for bachelor and master in economics and management administration studies.
Elasticity in Economics
What does elasticity mean in economics? Elasticity in Economics is an essential concept that economists should master. Elasticity in Economics
Demand in Economics
What does demand in an economy mean? Why should we understand the demand factors in an economy? Students learning economics
Production Technology in Economics
What is the meaning of production technology in Economics? Are you stranded in the production theory and are looking for an easy entry
Scarce Resources in Economics
What are the scarce resources in economics, and why should society understand what they are? In your economics class, students should
How private Households maximize Utility
Did you understand how private households maximize utility in your microeconomics lecture or tutorial? Here is a revisit of the
You must be logged in to post a comment.