Microeconomics II (2^nd Year)

Date: 2024

ISBN: 978-1-9256312-4-1

Format: A4, 2-page, Laminated Card

Description

The aim of this Student Guide Card is to provide second year students with an outline of the basic concepts and principles of Microeconomics II. In particular, the topics discussed in this title include: (i) technology; (ii) the role of technology in production; (iii) factors of production; (iv) the production set; (v) the production function; (vi) examples of technology; (vii) costs; (viii) cost minimalisation; (ix) short-run costs; (x) short-run cost curves; (xi) long-run costs; (xii) long-run cost curves; (xiii) profit maximisation; (xiv) types of profits; (xv) the profit function; (xvi) equilibrium; (xvii); (xviii) Pareto efficient; and (xix) Pareto frontier.