Not only that, but our Summer School stands out from the crowd by allowing you to create your own tailor-made learning experience. When you apply you will have the option to select courses in Applied Microeconomics, Macroeconomics or Econometrics; so you can choose morning and afternoon sessions...
“Microeconomics deals with the behavior of individual economic units. These units include consumers, workers, investors, owners of land [and] business firms (…). Microeconomics explains how and why these units make economic decisions.” Pindyck and Rubinfeld (2014) “The macro economy is just th...
Practical Look At Microeconomics Definition The law of demand states that as the price of a good rises, consumers will demand correspondingly lower quantities of that good. What Is the Law of Demand? The law of demand is one of the most fundamental concepts in economics. Alongside thelaw of ...
Before taking any of the advanced courses, students are strongly advised to consult with the instructors. Courses 2, 3, 4, 7, 10, 12, 13, 14, 15, 16 may not be taken without the previous consent of the instructors. It is advised that Course 1 be taken in all cases as a preparation...
OLG models are most often used in macroeconomics, but they can also be useful in microeconomics (see, for example, Ljungquist and Sargent [54], Bewley [12], Acemoglu [1] or Geanakoplos [33], for general accounts). The baseline OLG model and its various deterministic variants gave rise to...
Microeconomics and the use of artificial intelligence. Trump’s administration and economic expectations. Debates on an uneven income. Economic policies between the different states. Debates on inequality between men and women. New economic policies should be introduced. ...
Marginal benefit represents one of the most basic concepts of microeconomics. This is the value, or satisfaction, that an economic actor gains from consuming additional units of a particular good. Marginal benefit also determines how much the consumer is willing to pay to consume more of a partic...
Social welfare is a term borrowed from microeconomics, and has the goal of participants’ satisfaction. The DM for MCS is the interplay of three common entities: MW, platform, and requester. In some studies, the platform and requester are considered as one entity, but we considered them as ...
Microeconomics (llth edn). Prentice-Hall, Englewood Cliffs, NJ. Barney, J. B. (1986a). 'Organizational Culture: Can it be a Source of Sustained Competitive Advantage?'. Academy of Management Review. 11(3), pp. 656-665. Bamey, J. B. (1986b). "Strategic Factor Markets: Expectations,...
Heterodox Economics Market Psychology Market Structure and Economic Design Microeconomics Microfinance 1 Introduction Digital platforms are ubiquitous. The economy has been revolutionised, by the “business model that uses technology to connect people, organizations, and resources in an interactive ecosys...