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- The theory of the firm is a series of economic models utilised to understand and explain the nature of ...tput. '''Total cost''' is the the sum total of costs for a firm at a given level of output. ...5 KB (904 words) - 08:20, 24 November 2007
- * Transport is a unique product * As a service, it is perishable ...30 KB (4,261 words) - 16:39, 17 January 2008
- ...e completed in order to attain an AS level and the first of 6 for a full A-level acredited by AQA. ==What is Economics?== ...13 KB (2,124 words) - 06:06, 8 January 2008
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- ...e completed in order to attain an AS level and the first of 6 for a full A-level acredited by AQA. ==What is Economics?== ...13 KB (2,124 words) - 06:06, 8 January 2008
- ...s involves expenditure on goods and services, such as petrol, shopping and a new fridge. However, consumption can be split down further into <b>durable< *Durable purchases are those that are going to last a long time - often years! These include items like cars, cookers, and televi ...7 KB (1,053 words) - 05:36, 18 October 2006
- ...e of purchases must match. Therefore, even when scaled up to the aggregate level, the value of payments must equal the value of receipts. where <math>P</math> is simply the price level and <math>T</math> is the volume of transactions. <math>M_s</math> is the ...6 KB (994 words) - 08:37, 13 July 2006
- ==Money as a Unit of Account== ...ticipants in a transaction to measure the value of the transaction item in a common factor. This reduces transaction costs, especially information costs ...7 KB (1,133 words) - 07:24, 24 October 2007
- ...ibe this curve in 1958. Hence its name. He published findings that defined a relationship between unemployment and inflation based on data he'd collecte ...han normal. Higher output and employment leads to an increase in the price level because firms have to pay their workers more. Workers have to pay more beca ...4 KB (614 words) - 08:34, 14 July 2006
- A [[wikipedia:coefficient|coefficient]] by which any change in (autonomous) a *For example if Y (national Y) rises by $5000 as a result of an increase in investment of $1000 then the k coefficient is 5 (5 ...3 KB (456 words) - 16:01, 3 November 2007
- ...flation'''” refers to a general rise in prices measured against a standard level of purchasing power. Previously the term was used to refer to an increase i ...rian school of economics]], believe that an inflation of overall prices is a result from an increase in the supply of money by central banking authoriti ...34 KB (5,328 words) - 13:11, 9 December 2007
- ...ics therefore leans on two traditional university disciplines, biology and economics. [[w:Production_theory_basics|Production theory]] is a central element in [[w:microeconomics|microeconomics]] and describes simply ...16 KB (2,299 words) - 21:36, 19 November 2006
- * Transport is a unique product * As a service, it is perishable ...30 KB (4,261 words) - 16:39, 17 January 2008
- ...y two parts: first, a primer on the science of climate change, and second, a study of societal implications of climate change. The first part deals with Climate is a broad term, but it always describes a long-term average of a system. Often 'climate' is used to mean the long-term mean state of the atm ...38 KB (5,969 words) - 20:32, 24 January 2008
- ...iciencies and improve overall health. In the U.S., the government supplies a variety of resources such as state assistance, WIC (Women Infant and Child) ...eeded to raise the temperature of 1 mL of water by 1 °C. How many Calories a person needs daily varies greatly by age, sex, height, and physical activit ...54 KB (8,498 words) - 04:34, 3 March 2008