What is studying platform, Microeconomics

Assignment Help:

What is studying platform? Explain this term in brief.

Studying Platform:

A studying platform into modern economics comprises some basic economic principles or theories. This gives a basis for extending the existing theories and analyzing deeply economic issues. Illustrations of studying platforms are as:

a. Producer and consumer theories give a bedrock platform for studying individuals’ independent decision choices.

b. The common equilibrium theory is based onto the theories of consumers and producers and is an upper level platform. This provides an origin for studying interactions of individuals into a market institution and how the market equilibrium is reached within each market.

c. The mechanism design theory gives an even higher level of studying platform and can be utilized to study or design an economic institution. This can be used to compare different economic institutions or mechanisms, and also to identify that one may be an “optima”.


Related Discussions:- What is studying platform

Estimation of national income, ESTIMATION OF NATIONAL INCOME: In India...

ESTIMATION OF NATIONAL INCOME: In India, the first attempt to estimate national income and per capita income was made in the year 1867-68 by Shri Dadabhai Naoroji. This was fo

Indifference curve, Jane receives utility from days spent travelling on vac...

Jane receives utility from days spent travelling on vacation domestically(D) and days

Graphical representation of various returns, Graphical Representation of Va...

Graphical Representation of Various Returns: Diminishing Returns: If the TP curve is as shown in the adjacent Figure, then the MPL given by tanθ  is throughout less than the A

Supply function, given the cost function as C=0.3Q3-2Q2+13Q+25,find the sup...

given the cost function as C=0.3Q3-2Q2+13Q+25,find the supply function

Working capital, Working Capital: A business requires a certain revolving f...

Working Capital: A business requires a certain revolving fund of finance to pay for regular purchases of initial labour, raw materials and other inputs to production. Working capit

Visit to village panchayat for agriculture based project., any village panc...

any village panchayat in west bengal and get information for doing a project.

Marginal revenue, Marginal revenue: Marginal revenue is the change in ...

Marginal revenue: Marginal revenue is the change in total revenue with respect to a change in quantity sold. That is, it is the change in total revenue that results from the s

Explain change in demand and a change the quantity demanded, What is the di...

What is the difference between a change in demand and a change the quantity demanded?  There is a distinction among demand and quantity demanded. Demand explains the behavior o

Homework questions, If a large amount of skilled labor immigrated into the ...

If a large amount of skilled labor immigrated into the country, which allows the available resources to produce more of goods X and Y, which of the following will occur? A.the y-i

Majority minority, Are there any economic effects to non-Hispanic whites, g...

Are there any economic effects to non-Hispanic whites, given that they no longer represent the majority of the population? Why are these examples important from an economic standpo

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd