DECISION ANALYSIS Decision analysis addresses the issue of making the right decision in the face of great uncertainty. It provides a framework and methodology for rational…
Slide 1CRC Microeconomics1 Slide 2 10/22/2014CRC Microeconomics2 What did you study last time? what is meant by an oligopoly? what is meant by a duopoly? how…
Slide 1 Modeling Labor Demand and Wages Slide 2 Theory of Labor Markets Clearly, poverty and the labor market are inherently connected. Therefore, to understand poverty and…
Slide 1 Slide 2 Microeconomic Tools Slide 3 Supply and Demand In microeconomics, we typically have suppliers reacting positively to price, and demanders reacting negatively.…
Slide 1 Basic Economics Learning about money Slide 2 Currency Money comes in two forms paper and coins. Are there other forms of currency? Who is on the dollar bill? Slide…