Simplified Principles of Microeconomics

Simplified Principles of

Microeconomics

Hazbo Skoko

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Hazbo Skoko

Simplified Principles of Microeconomics

2

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Simplified Principles of Microeconomics

1st edition

? 2015 Hazbo Skoko &

ISBN 978-87-403-0993-5

Peer reviewed by Prof. Tim Brook PhD (math.) and Elvira Skoko MSc (Psy.)

3

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Simplified Principles of Microeconomics

Contents

Contents

Introduction

9

Part 1

11

1

The structure of this book

12

2

How to read this book

13

3

Those two lines

14

3.1

Learning Objectives

14

Part 2

21

4 The First Principle: we can¡¯t have everything we want

22

4.1

Learning objectives

22

4.2

Challenge

29

4.3

Summary

29



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Simplified Principles of Microeconomics

Contents

5 The Second Principle: desire versus availability

30

5.1

Learning objectives

30

5.2

The demand side of the market

30

5.3

Conclusion

36

5.4

Challenge

37

6 The Third Principle: measuring responses

43

6.1

Learning Objectives

43

6.2

Example 1

44

6.3

Example 2

44

6.4

Example 1 again

45

6.5

Example 2 again

45

6.6

Example 3

47

6.7

Revenue and elasticity

360¡ã

thinking

360¡ã

thinking

.

.

49

360¡ã

thinking

.

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