6. Fundamental Concepts of Microeconomics
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6. Fundamental Concepts of Microeconomics 1.Objectives and Methods of Microeconomics 2.The Consumer 3.The Firm 4.The Market 5.Basic Issues in Welfare Economics
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6. Fundamental Concepts of Microeconomics. Objectives and Methods of Microeconomics The Consumer The Firm The Market Basic Issues in Welfare Economics. 6.1 Objectives and Methods of Microeconomics. Art Work 1: David Dalla Venezia, No . 269, Oil on Canvas , 2000. - PowerPoint PPT Presentation
Transcript of 6. Fundamental Concepts of Microeconomics
6. Fundamental Concepts of Microeconomics
1. Objectives and Methods of Microeconomics2. The Consumer3. The Firm4. The Market5. Basic Issues in Welfare Economics
6.1 Objectives and Methods of Microeconomics
Art Work 1: David Dalla Venezia, No. 269, Oil on Canvas, 2000
Conflict resolution and Coordination
Art Work 2: Theater Bonn, Germany, FRIDA KAHLO, 2003. Photo: Thilo Beu.
6.4 The Market
Fig. 6.7 Deriving the Market Demand Curveby Horizontal Aggregation of the Individual Demand Curves
Market Supply
Fig. 6.8 Deriving the Market Supply Curveby Horizontal Aggregation of Individual Supply Curves
6.5 Basic Issues in Welfare Economics
Fig. 6.11 Socially Optimal and Perfectly Competitive Level of Production