Significance of Economics
August 31, 2020Income, Health & Fertility
October 4, 2020This presentation covers the following concepts:
- Role of Assumptions: Behavioural or Psychological Assumptions, Institutional Assumptions, Structural Assumptions, Ceteris Paribus Assumptions
- Production Possibilities Curve: Shifting the Production Possibilities Curve
- Economics Model: Circular Flow of Income
- Microeconomics & Macroeconomics: Scope & Subject Matter
- Positive & Normative Economics