Unrestricted Use
CC BY
- Material Type:
- Full Course
- Provider:
- Rice University
- Provider Set:
- OpenStax College
- Date Added:
- 06/29/2017
Updating search results...
6 Results
Unrestricted Use
CC BY
- Material Type:
- Unit of Study
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
By the end of this section, you will be able to:
Contrast consumer surplus, producer surplus, and social surplus
Explain why price floors and price ceilings can be inefficient
Analyze demand and supply as a social adjustment mechanism
- Subject:
- Applied Science
- Material Type:
- Module
- Date Added:
- 08/21/2018
Unrestricted Use
CC BY
The Principles of Microeconomics course was developed through the Ohio Department of Higher Education OER Innovation Grant. This work was completed and the course was posted in December 2019. The course is part of the Ohio Transfer Assurance Guides and is also named OSS004. For more information about credit transfer between Ohio colleges and universities, please visit: www.ohiohighered.org/transfer.Content ContributorsKen Fah Ohio Dominican UniversityJohn Fiske Ohio Dominican UniversityJoe Nowakowski Muskingum UniversityLibrarianNathan Wolfe Kenyon CollegeReview TeamMolly Cooper Ohio State University Subbu Kumarappan Ohio State University ATI
- Subject:
- Economics
- Social Science
- Material Type:
- Full Course
- Provider:
- Ohio Open Ed Collaborative
- Date Added:
- 01/09/2019
Unrestricted Use
CC BY
Conditional Remix & Share Permitted
CC BY-NC
This topic introduces key concepts that form the foundation of much of microeconomic analysis. The material ranges from a discussion of model-building as a way to simplify complex relationships among economic variables to definitions and descriptions of key concepts such as scarcity, efficiency and inefficiency, opportunity cost, comparative advantage and the gains from trade.