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Y1F ECON 1000
> Economic formulas > Flashcards
Economic formulas Flashcards
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Opportunity cost ratio
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Y1F ECON 1000
(14 decks)
Economic formulas
1.1: Definition of Economics
1.2: Two Big Economic Questions
1.3: The Economic Way of Thinking
1.4: Economics as Social Science and Policy Tool
1.5: Economists in the Economy
3.1: Markets and Prices
3.2: Demand
3.3: Supply
3.4: Market Equilibrium
3.5: Predicting Changes in Price and Quantity
4.1-4.2: Price elasticity of demand & more elasticities of demand
4.3: Elasticity of Supply
10: Output and Costs