The purpose is to teach students about alternative schools of economic thought but also to deepen their understanding of the dominant, neoclassical approach to economics. Following Wolff and Resnick, an even broader objective is to teach students that economics is a discourse and that no single voice can rightfully claim to have a monopoly on the truth about economics. Principles of Microeconomics: Scarcity and Social Provisioning takes a pluralistic approach to the standard topics of an introductory microeconomics course.
The text builds on the chiefly neoclassical material of the OpenStax Principles of Economics text, adding extensive content from heterodox economic thought. Emphasizing the importance of pluralism and critical thinking, the text presents the method and theory of neoclassical economics alongside critiques thereof and heterodox alternatives in both method and theory.
This approach is taken from the outset of the text, where contrasting definitions of economics are discussed in the context of the various ways in which neoclassical and heterodox economists study the subject.
The same approach—of theory and method, critique, and alternative theory theory and method—is taken in the study of consumption, production, and market exchange, as well as in the applied theory chapters. Historical and contemporary examples are given throughout, and both theory and application are presented with a balanced approach. Leave A Reply. Sign in. Welcome, Login to your account.
Forget password? Remember me. Sign in Recover your password. A password will be e-mailed to you. The model that is currently being used is based on the use of resources by reducing the elements, this is called Circular Economy , which is inclined to promote the use of biodegradable materials in the manufacture of products for consumption, and so these, when discarded will not cause environmental damage.
Analyzing the proposal presented by this system would be fruitful for society, mainly for business people, because it would contribute to an improvement in the manufacture of their goods, thus benefiting their profitability. At a time when companies are in full swing, their production grows so much that the associated costs are reduced, in other words, the more that is manufactured the less each individual commodity costs; this is achieved as organizations increase their size.
This financial phenomenon is called Economies of Scale , and in precise terms, it refers to the power that a company acquires when it reaches its optimal production levels, in which the fixed cost of manufacturing large quantities is minimized. To carry out this process it is necessary to make large purchases of materials, establish long-term contracts, and improve technology, among others.
The advantages of this economic model imply an increase in the benefits to be obtained, an increase in the capacity of growth and investment, and a greater productive efficiency.
Economies of Scale author Wilfred J. Ethier Source: Bar-Ilan University Well, this was our selection of free Economics books in PDF format. Remember that «Sharing is Caring». Microeconomics Books. Macroeconomics Books. International Economics Books. Business Economics Books. Political Economy Books. Environmental Economics Books. Agricultural Economics Books. Open Economy Books. Informal Economy Books.
Social Economy Books. Circular Economy Books. Economies of Scale Books. Do you want to read about another topic? Rating : 4. Get BOOK. In the Handbook of Public Economics, vol. These fundamental subjects follow the recent, steady movement away from rational decision-making and toward more personalized approaches to tax generation and expenditure, especially in terms of the use of psychological methods and financial incentives. Closely scrutinized subjects include new research in empirical instead of theoretical public finance, the methods for measuring taxes both in revenue generation and expenditure , and the roles that taxes play in specific settings, such as emerging economies, urban settings, charitable giving, and among political entities cities, counties, states, countries.
0コメント