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Preferences and Utility Theory

February 21, 2023March 17, 2023 James E Njoroge, M. Sc. (Econ.) - Economic Consultant (freiberuflich Beratender Volkswirt)

Preferences and utility theory are the essential building blocks of explaining the behavioral decision-making of households in economic theory. Therefore,

Basics of Economics Economic Blog Economic Policy Economics Microeconomics Public Policy

Elasticity in Economics

January 6, 2022February 13, 2023 James E Njoroge, M. Sc. (Econ.) - Economic Consultant (freiberuflich Beratender Volkswirt)

What does elasticity mean in economics? Elasticity in Economics is an essential concept that economists should master. Elasticity in Economics

Basics of Economics Behavioral Economics Economics Markets Microeconomics

Demand in Economics

December 9, 2021July 26, 2022 James E Njoroge, M. Sc. (Econ.) - Economic Consultant (freiberuflich Beratender Volkswirt)

What does demand in an economy mean? Why should we understand the demand factors in an economy? Students learning economics

Basics of Economics Business Administration Economics Macroeconomics Mathematics Microeconomics

Production Technology in Economics

November 12, 2021July 26, 2022 James E Njoroge, M. Sc. (Econ.) - Economic Consultant (freiberuflich Beratender Volkswirt)

What is the meaning of production technology in Economics? Are you stranded in the production theory and are looking for an easy entry

Basics of Economics Economic Policy Economics Globalization Macroeconomics Markets Microeconomics Sustainability

Scarce Resources in Economics

November 4, 2021February 12, 2023 James E Njoroge, M. Sc. (Econ.) - Economic Consultant (freiberuflich Beratender Volkswirt)

What are the scarce resources in economics, and why should society understand what they are? In your economics class, students should

Basics of Economics Economic Blog Economics Markets Microeconomics

How private Households maximize Utility

October 27, 2021July 26, 2022 James E Njoroge, M. Sc. (Econ.) - Economic Consultant (freiberuflich Beratender Volkswirt)

Did you understand how private households maximize utility in your microeconomics lecture or tutorial? Here is a revisit of the

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Category: Microeconomics

Preferences and Utility Theory

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Elasticity in Economics

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Demand in Economics

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Production Technology in Economics

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Scarce Resources in Economics

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How private Households maximize Utility

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