null
US
Iniciar Sesión
Regístrate Gratis
Registro
Hemos detectado que no tienes habilitado Javascript en tu navegador. La naturaleza dinámica de nuestro sitio requiere que Javascript esté habilitado para un funcionamiento adecuado. Por favor lee nuestros
términos y condiciones
para más información.
Siguiente
Copiar y Editar
¡Debes iniciar sesión para completar esta acción!
Regístrate gratis
6926618
MAE101 Topic 1 - Economic Principles
Descripción
(Topic 1) MAE101 - ECONOMIC PRINCIPLES Mapa Mental sobre MAE101 Topic 1 - Economic Principles, creado por Doug Ithier el 08/11/2016.
Sin etiquetas
mae101 - economic principles
topic 1
Mapa Mental por
Doug Ithier
, actualizado hace más de 1 año
Más
Menos
Creado por
Doug Ithier
hace casi 8 años
5
0
0
Resumen del Recurso
MAE101 Topic 1 - Economic Principles
Economics is a science:
Theory - tries to explain events in the real world.
Data - does the data confirm/reject the testable propositions
a social science
Economics is the study of how we make choices.
We collect data based on peoples actual decisions or behavior.
the study of how society allocates scarce resources.
Positive vs Normative Statements
Positive - statements based on fact or something that can be proven
Normative - statements based on opinions
Allocation Methods
Price - good allocated willing and able to pay
ie. cars, house
First-in Best-Dressed - arrives first/sooner, even if later-arriving individual willing and able to pay more for it
ie. parking spaces
Set Aside/Qualification (equity) - individual who meets certain pre-determined criteria
ie. University, Handicapped parking
Lottery - winner(s) of the lottery
World Cup soccer tickets
Markets
a place where buyers and sellers meet
Types
Stocks/Bonds
Commodities/Currencies
Housing
Loans
Labour
Education
Economic Models
Objective, Constraint, Maximize, Environment
RULE of 2
Compare
Environment
Indivdual
Analysis - 2 competing forces
ie. demand and supply
Mostrar resumen completo
Ocultar resumen completo
¿Quieres crear tus propios
Mapas Mentales
gratis
con GoConqr?
Más información
.
Similar
Edexcel Biology Topic 1 and 2 AS
Emily Carson
National 5 Biology-Cell Structure
NinaJasT
Atomic structure and the periodic table
Brodie McMeowface
AS ICT - Topic 1: Data, Information and Knowledge
dominszreder
Blogging for Exam Prep
PatrickNoonan
Background to Luke's Gospel
Apoorva Sriram
Edexcel, AS Biology, Risk Factors of CVD Quiz
Ella Middlemiss
Edexcel: Additional Sciences - Biology: Topic 1 (The building blocks of cells)
Joe Barry
U1 Topic 1 : The periodic table
Dannie Couture
11 Business 1.2 Types of Business
cd bragg
Atherosclerosis and CHD
Ella Middlemiss
Explorar la Librería