Supply and demand

After I was finished with this exercise, where I experienced firsthand the supply and demand game, in which terms of microeconomics and macroeconomics were used to determine the different situations, such as the economy as whole in this small town called Atlantis, as well the increase of higher income jobs available for the town. It […]

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Microeconomics Theory: Lecture Objectives

In your elementary microeconomics, the basic principles of consumer behaviour were introduced by laying a strong foundation on the theory of demand on which premise the consumer behaviour is build upon. The consumer behaviour is introduced as a utility maximising behaviour but subject to consumer’s ability to purchase. A consumer is portrayed as an agent […]

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