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RYERSONECN 204Vikraman BaskaranWinter

ECN 204 Chapter Notes - Chapter 2: Opportunity Cost, Scientific Method

OC679016 Page
3 Mar 2013
19
In this chapter, look for the answers to these questions: Economists play two roles: scientists: try to explain the world, policy advisors: try to impr
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RYERSONECN 104Vikraman BaskaranFall

ECN 104 Lecture Notes - Giffen Good, Budget Constraint, Normal Good

OC679016 Page
9 Dec 2012
36
The budget constraint: what the consumer can afford. Property 1: higher indifference curves are preferred lower ones. Property 2: indifference curves a
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