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Home - QuickonomicsQuickonomics provides a platform where everyone who is interested in economics can get easy access to relevant and interesting economic content.
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Quickonomics provides a platform where everyone who is interested in economics can get easy access to relevant and interesting economic content.
http://www.quickonomics.com/
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Quickonomics provides a platform where everyone who is interested in economics can get easy access to relevant and interesting economic content.
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Sources - Quickonomics
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All of the posts on this blog are based on university-level lectures in the field of economics as well as our own research and experience. They cover anything from basic principles to more advanced concepts. To ensure high quality and scientific accuracy, we sometimes refer to one or more of the following literature sources:. Mankiw N.G., and Taylor M.P. (2011). Economics. 2nd ed., revised ed.) Andover: Cengage Learning. Pindyck, R. S., and Rubinfeld, D.L. (2013). Microeconomics. 12 Things You Should Kno...
Why Zero Profit Equilibria Can Subsist - Quickonomics
https://quickonomics.com/2016/04/why-zero-profit-equilibria-can-subsist
Why Zero Profit Equilibria Can Subsist. In the long run equilibrium, firms in competitive markets make zero profit. This may seem odd, considering all the effort and time that has to be put into running a company. So why should these firms stay in business? For example, think of an ice cream seller who wants to open a new business. Let’s assume he faces costs of $100’000 for equipment and ingredients. At the end of the year, he has sold ice cream for a total of $150’000. Thu...This approach is rather bus...
Basic Principles Archives - Quickonomics
https://quickonomics.com/category/basic-principles
Positive and Normative Economics. There are two fundamentally different approaches to teaching economics: positive and normative economics. This is important to know, depending on the approach chosen, the same topic may be presented in an entirely different way. Thus, being aware of this will help you gain a more comprehensive knowledge on economic issues. In […]. The Different Types of Goods. Difference between Goods and Services. Well, if we just look at examples such as […]. The Basic Circular Flow of...
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Calculating Consumer Price Index (CPI). The Consumer Price Index (CPI) is an indicator that measures the average change in prices paid by consumers for a representative basket of goods and services over a set period of time. It is widely used as a measure of inflation, which in turn is a key indicator to describe […]. 12 Things You Should Know About Economics. Five Types of Economic Efficiency. Government Policies to Reduce Poverty. Poverty is a problem everywhere in the world. In some countries it i...
Positive Externalities vs Negative Externalities - Quickonomics
https://quickonomics.com/2015/10/positive-externalities-vs-negative-externalities
Positive Externalities vs Negative Externalities. Externalities are defined as the positive or negative consequences of economic activities on unrelated third parties. Since the causers are not directly affected by those externalities, they will not take them into account. As a result, the social cost (or benefit) of these activities is different from their individual cost (or benefit), which results in a market failure. Or on the consumption. Positive production externalities are positive effects that o...
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principles-of-economics-and-business.blogspot.com
Principles of Economics and Business: June 2015
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Principles of Economics and Business.
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Principles of Economics and Business: April 2015
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Most Effective SEO Blogger Tricks For Beginners. Google Rolls Out Panda 4.1 Against a lot of thin Content. How To Create Blogger Template From Scratch? 55 Best Professional and SEO Friendly Blogger Templates. Tuesday, 24 March 2015. 5 Best Software To Create Bootable Windows USB Pendrive - [How To]. There are many different methods to Make Bootable Pen Drive/Flash Drive for Windows OS. How To Make Bootable Pen Drive For Windows. You must have 4GB or 8GB pen drive. Windows ISO or any other file. Button th...
Home - Quickonomics
Most Popular Posts of 2016. 2016 has been an exciting year for us. Starting the year as Principles of Economics and Business, we have relaunched the […]. The Prisoner’s Dilemma. The prisoner’s dilemma is arguably the most famous example of game theory. It describes a situation (i.e. game) between two prisoners, […]. The Coase Theorem (named after the British economist Ronald Coase) is a famous theorem that addresses the question of how effectively […]. Overview of the UK Economy 2016. The Four Types of M...
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