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EconTutorials team

A blog of an Academician.

MicroeconomicsProduction with Fixed InputAfter the basic concept of Production Function and Production Decision. We now move on to Production techniques with one variable or you can also name it…15 Jul 2014, 2 min read Income and Substitution EffectNetwork ExternalitiesStudy smarterNetwork externalities, bandwagon and snob effects are covered alongside the full theory of demand in the Economics Made Simple Complete Bundle — textbook, practice questions…14 Jul 2014, 2 min read Giffen GoodThe Giffen GoodStudy smarterGiffen goods, inferior goods and the income-effect logic behind them are covered with full diagrams in the Economics Made Simple Complete Bundle — textbook, practice…14 Jul 2014, 2 min read MicroeconomicsProduction Decisions of a firmOriginally written at Mba-tutorials Now we have demand side of the market and the supply side. From the word supply we do understand very easily that…14 Jul 2014, 2 min read MicroeconomicsProduction FunctionOriginally posted in Mba-tutorials A production function indicates the highest output Y that a firm can produce for specific combination of input. We have many factors…14 Jul 2014, 2 min read Income and Substitution EffectIncome and Substitution Effects – Complete ExplanationStudy smarterIncome and substitution effects, plus the Hicks and Slutsky decompositions, are covered with full diagrams in the Economics Made Simple Complete Bundle — textbook, practice…13 Jul 2014, 2 min read Income and Substitution EffectIncome and Subs. Effect: Price Consumption CurveWe have been discussing about Demand curve of product with changes in its price and Quantity Demanded depending on different Situation. Let us now be more…10 Jul 2014, 2 min read Demand and SupplyDemand and Supply: Changes in Market EquilibriumFrom our last Lectures we now do know that Equilibrium prices are determined by the relative level of supply and demand. And that changes in supply…9 Jul 2014, 2 min read Demand and SupplySupply and Demand: Elasticity and Linear Demand CurveWe described one of the most important concerning topics of Principles of Microeconomics that is ELASTICITY . But what happened as we move along a demand…8 Jul 2014, 2 min read Demand and SupplySupply and Demand: ElasticityNot only are we concerned with what direction price and quantity will move when the market changes, but we are concerned about how much they change.…8 Jul 2014, 2 min read