微观经济学英文课件精品文档24页
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Edited by Yong, E.L.
Continuously,
Quantity of Apple
10 9
a b
6
c
2
d
0
67
Edited by Yong, E.L.
12 13
Quantity of Apple Pie
Continuously,
Assumptions inside the Production possibility Frontier (PPF)
Edited by Yong, E.L.
Continuously,
Thus, it is obvious that opportunity cost has increased from 1 to 2 units What should the opportunity cost should be measured in real term than in money term?
The concept of increasing opportunity applied. Producers are rational. Normal good: Apple and Apple pie At a particular price, place and time (PPPT)
Factors of production is fixed; labour and capital and no technology development
Agent involved is firm/producer who face economic problems and questions
Continuously,
Social Science
Economics
Microeconomics
Macroeconomics
Industrial
financial
Human Capital Environmental
Others
Edited by Yong, E.L.
Mathematical Economics Econometrics
Edited by Yong, E.L.
Continuously,
If the firm produces 10 units of apple and 6 units of apple pie wants to increase the production of apple pie by one unit to the 7th unit. It has to forgo 1 unit of apple so that resources can be shifted to produce the additional apple pie; Opportunity Cost is thus 1.
Continuously,
Basically, the general principles are:
Scarcity of resources Opportunity costs Increasing opportunity cost Real Opportunity Cost Real Opportunity cost and inefficiency
Outline
Essential Microeconomics Principles Uses of Microeconomics Application 1
Subtopic 1: Economic Principles
Economic is an academic discipline of social science that provides discourse about the allocation of limited resources in economy to produce goods and services to satisfy unlimited wants Economics, indeed, is a broad discipline itself. Microeconomics and macroeconomics are two separated but interrelated branches of economics. There are many more fields that each served to focus on a particular area of study.
If it is measured in money term, see what happen:
Edited by Yong, E.L.
Continuously,
If the firm produces 6 units of apple and 12 units of apple pie wants to increase the production of apple pie by one unit to the 13th unit. It has to forgo 2 units of apple so that resources can be shifted to produce the additional apple pie; Opportunity Cost is thus 2.
Applied Statistics
Continuously,
Microeconomics Focuses on the study of choice and decision making for an individual household and firm, while macroeconomics studies the behaviour of the economic as a whole microeconomics in some books, while more in others
Continuously,
Quantity of Apple
10 9
a b
6
c
2
d
0
67
Edited by Yong, E.L.
12 13
Quantity of Apple Pie
Continuously,
Assumptions inside the Production possibility Frontier (PPF)
Edited by Yong, E.L.
Continuously,
Thus, it is obvious that opportunity cost has increased from 1 to 2 units What should the opportunity cost should be measured in real term than in money term?
The concept of increasing opportunity applied. Producers are rational. Normal good: Apple and Apple pie At a particular price, place and time (PPPT)
Factors of production is fixed; labour and capital and no technology development
Agent involved is firm/producer who face economic problems and questions
Continuously,
Social Science
Economics
Microeconomics
Macroeconomics
Industrial
financial
Human Capital Environmental
Others
Edited by Yong, E.L.
Mathematical Economics Econometrics
Edited by Yong, E.L.
Continuously,
If the firm produces 10 units of apple and 6 units of apple pie wants to increase the production of apple pie by one unit to the 7th unit. It has to forgo 1 unit of apple so that resources can be shifted to produce the additional apple pie; Opportunity Cost is thus 1.
Continuously,
Basically, the general principles are:
Scarcity of resources Opportunity costs Increasing opportunity cost Real Opportunity Cost Real Opportunity cost and inefficiency
Outline
Essential Microeconomics Principles Uses of Microeconomics Application 1
Subtopic 1: Economic Principles
Economic is an academic discipline of social science that provides discourse about the allocation of limited resources in economy to produce goods and services to satisfy unlimited wants Economics, indeed, is a broad discipline itself. Microeconomics and macroeconomics are two separated but interrelated branches of economics. There are many more fields that each served to focus on a particular area of study.
If it is measured in money term, see what happen:
Edited by Yong, E.L.
Continuously,
If the firm produces 6 units of apple and 12 units of apple pie wants to increase the production of apple pie by one unit to the 13th unit. It has to forgo 2 units of apple so that resources can be shifted to produce the additional apple pie; Opportunity Cost is thus 2.
Applied Statistics
Continuously,
Microeconomics Focuses on the study of choice and decision making for an individual household and firm, while macroeconomics studies the behaviour of the economic as a whole microeconomics in some books, while more in others