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Description

Overview:
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.
Subject:
Economics
Level:
Community College / Lower Division, College / Upper Division
Material Type:
Module
Provider:
Ohio Open Ed Collaborative
Date Added:
05/03/2019
License:
Creative Commons Attribution-NonCommercial 4.0 Creative Commons Attribution-NonCommercial 4.0
Language:
English
Media Format:
Text/HTML

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