Economics

Konspektas anglų kalba. Ekonomika anglų kalba. What is opportunity costs. What is microeconomics. Explain the law of demand. Define the income elasticity of demand. Define the Law of Equi Marginal Principle. What is the long run. What are externalities. What are economies of scale. What are the assumptions of perfect competition. What is price discrimination. What is the short run. The principle of scarcity. The principle of a co-ordination mechanism. The principle of rational self-interested behavior. The principle of incentives. The principle of marginal analysis (cost-benefit principle). The principle of trade and exchange. The principle of specialisation and the division of labour. The principle of comparative advantage. The principle of trade-offs. Price elasticity of supply. Marginal cost. Economics. What is market. Explain the law of supply. What is a Price control. Maximum price. Minimum price. Market structure. Define the Monopoly market structure. Define Oligopoly classification of market structure. Neoclasscal. Institutional. Marxian.