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Class Notes for MPE 781 at Deakin University

Economics for Managers

MPE 781 Lecture Notes - Lecture 2: Absolute Advantage, Opportunity Cost, Comparative Advantage

Wednesday, August 8, 2018 WEEK 2 Opportunity Cost The next best alternative that you are giving up. For example for attending this class I am giving up my sleep, the sleep is the opportunity cost for this thing. It is not...

MPE 781
Dr. Nubin
MPE 781 Lecture Notes - Lecture 1: Demand Curve, Watt, Big Country

Wednesday, August 8, 2018 Economics for Managers The Slope what is slope? why is it important? It is a ratio. when someone says slope, forget about the definition. Lets create an example, what is the slope of the surface ...

MPE 781
Dr. Nubin
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