- #31
nitsuj
- 1,387
- 98
DrClapeyron said:
lol, well in that case, supply / demand includes "trade offs".
Suggest me some economic concepts to learn
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SUMMARY
This discussion focuses on essential economic concepts for self-teaching, highlighting foundational theories such as the law of supply and demand, elasticity, marginal cost, and various economic models including Keynesian and Marxian frameworks. Participants suggest a comprehensive list of topics, including factors of production, consumer surplus, and the Laffer Curve, while also recommending practical resources like Microeconomics and Macroeconomics textbooks. The conversation emphasizes the importance of understanding both theoretical and practical aspects of economics, including real-world applications and mathematical modeling.
PREREQUISITES- Understanding of basic economic principles such as supply and demand
- Familiarity with key economic models like the Keynesian cross and Cobb-Douglas production function
- Knowledge of mathematical concepts relevant to economics, including elasticity and marginal analysis
- Awareness of historical economic theories, including those of Adam Smith and Hayek
- Study the Keynesian multiplier effect and its implications on aggregate demand
- Explore the Cobb-Douglas production function in detail
- Investigate the implications of negative externalities in economic theory
- Learn about the Lange Model and its critiques in the context of economic calculation debates
Students of economics, self-learners, and anyone interested in understanding both theoretical and practical aspects of economic principles and models.