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| law of increasing opportunity cost example: Economics, Second Edition Timothy Tregarthen, Timothy D. Tregarthen, Libby Rittenberg, 1999-12-23 An introduction to the principles of microeconomics and macroeconomics that establishes strong links between theoretical principles and real-world experience, while incorporating clear and consistent international focus throughout the text. |
| law of increasing opportunity cost example: Exploring Microeconomics Robert L. Sexton, 2018-12-10 The excitement of learning economics for the first time. The experience of a lifetime of teaching it. The Eighth Edition of Exploring Microeconomics captures the excitement of learning microeconomics for the first time through a lively and encouraging narrative that connects microeconomics to the world in a way that is familiar to students. Author Robert L. Sexton draws on over 25 years of teaching experience to capture students’ attention, focusing on core concepts and expertly weaving in examples from current events and popular culture to make even classic economic principles modern and relatable. The text sticks to the basics and applies a thoughtful learning design, segmenting its presentation into brief, visually appealing, self-contained sections that are easier for students to digest and retain compared to sprawling text. Thoughtfully placed section quizzes, interactive summaries, and problem sets help students check their comprehension at regular intervals and develop the critical thinking skills that will allow them to think like economists. Combined with a complete teaching and learning package, Exploring Microeconomics is sure to help you ignite your students’ passion for the field and reveal its practical application in the world around them. |
| law of increasing opportunity cost example: Exploring Economics Robert L. Sexton, 2018-12-10 The excitement of learning economics for the first time. The experience of a lifetime of teaching it. The Eighth Edition of Exploring Economics captures the excitement of learning economics for the first time through a lively and encouraging narrative that connects economics to the world in a way that is familiar to students. Author Robert L. Sexton draws on over 25 years of teaching experience to capture students’ attention, focusing on core concepts and expertly weaving in examples from current events and popular culture to make even classic economic principles modern and relatable. The text sticks to the basics and applies a thoughtful learning design, segmenting its presentation into brief, visually appealing, self-contained sections that are easier for students to digest and retain compared to sprawling text. Thoughtfully placed section quizzes, interactive summaries, and problem sets help students check their comprehension at regular intervals and develop the critical thinking skills that will allow them to think like economists. Combined with a complete teaching and learning package, Exploring Economics is sure to help you ignite your students’ passion for the field and reveal its practical application in the world around them. |
| law of increasing opportunity cost example: Engineering Economics Tahir Hussain, 2010 |
| law of increasing opportunity cost example: Economics with Calculus Michael C. Lovell, 2004 This textbook provides a calculus-based introduction to economics. Students blessed with a working knowledge of the calculus would find that this text facilitates their study of the basic analytical framework of economics. The textbook examines a wide range of micro and macro topics, including prices and markets, equity versus efficiency, Rawls versus Bentham, accounting and the theory of the firm, optimal lot size and just in time, monopoly and competition, exchange rates and the balance of payments, inflation and unemployment, fiscal and monetary policy, IS-LM analysis, aggregate demand and supply, speculation and rational expectations, growth and development, exhaustiable resources and over-fishing. While the content is similar to that of conventional introductory economics textbook, the assumption that the reader knows and enjoys the calculus distinguishes this book from the traditional text. |
| law of increasing opportunity cost example: Principles of Conflict Economics Charles H. Anderton, John R. Carter, 2019-04-25 Provides comprehensive, up-to-date coverage of the key themes and principles of conflict economics. |
| law of increasing opportunity cost example: Exploring Macroeconomics Robert L. Sexton, 2018-12-10 The excitement of learning economics for the first time. The experience of a lifetime of teaching it. The Eighth Edition of Exploring Macroeconomics captures the excitement of learning macroeconomics for the first time through a lively and encouraging narrative that connects macroeconomics to the world in a way that is familiar to students. Author Robert L. Sexton draws on over 25 years of teaching experience to capture students’ attention, focusing on core concepts and expertly weaving in examples from current events and popular culture to make even classic economic principles modern and relatable. The text sticks to the basics and applies a thoughtful learning design, segmenting its presentation into brief, visually appealing, self-contained sections that are easier for students to digest and retain compared to sprawling text. Thoughtfully placed section quizzes, interactive summaries, and problem sets help students check their comprehension at regular intervals and develop the critical thinking skills that will allow them to “think like economists.” Combined with a complete teaching and learning package including online homework and flexible teaching options, Exploring Macroeconomics is sure to help you ignite readers’ passion for the field and reveal its practical application in the world around them. |
| law of increasing opportunity cost example: Economics Walter J. Wessels, 2018-01-12 A thoughtful and comprehensive guide to Economics with crystal-clear summaries and explanations Books in this series are designed for classroom use, summarizing key concepts and presenting review questions with answers and explanations. This new edition: Defines economics Demonstrates the uses of graphs Discusses the law of supply and demand Covers macroeconomics topics including national output, inflation, unemployment, aggregate demand and supply, the Keynesian model, monetary policy, and more Covers microeconomics topics including monopolies, forces that promote competition, game theory, labor markets and unions, government spending and taxation, and more. |
| law of increasing opportunity cost example: Is the U.S. Trade Deficit Sustainable? Catherine L. Mann, 1999 The global financial crisis of 1997-98 and the widening US trade deficit have precipitated fresh inquiry into a set of perennial questions about global integration and the US economy. How has global integration affected US producers and workers, and overall growth and inflation? Is a chronic and widening deficit sustainable, or will the dollar crash, perhaps taking the economy with it? If the problem was one of twin deficits, as many thought, why has the trade deficit continued to grow even as the budget deficit narrowed to zero? If US companies are so competitive, why does the trade deficit persist? Is the trade deficit a result of protectionism abroad? Will it lead to protectionism at home? What role do international capital markets have? Each chapter presents relevant data and a simple analytical framework as the basis for concise discussions of these major issues. The final section of the book provides an outlook for the deficit and suggests alternative policy courses for dealing with it. This book is designed for policymakers and others who are interested in the US role in the world economy. It is also suitable for courses in international economics, business, and international affairs. |
| law of increasing opportunity cost example: Macroeconomics William A. McEachern, 2006 This very successful textbook is distinguished by a superior writing style that draws upon common reader experiences to introduce economic concepts, making economic theory more accessible and interesting. Case Studies and numerous examples take advantage of readers' intuitive knowledge of economics, building upon real-life situations. A streamlined design places pedagogy and illustrations directly within the flow of the text, making them less distracting and more useful for readers. A fully integrated program of technology enhancements sets this text apart by pairing the book with numerous online multimedia learning tools that have been developed to help the text better serve a wide range of learning styles. The text uniquely integrates classroom use of The Wall Street Journal by including in-text pedagogy to help readers learn to analyze the latest economic events as reported in the Journal. |
| law of increasing opportunity cost example: The Evolution of Human Societies Allen W. Johnson, Timothy Earle, 2022 By combining an original thesis and a representative body of ethnographic data, this ambitious work seeks to describe and explain the growth in complexity of human societies. Its emphasis is on the causes, mechanisms, and patterns of cultural evolution, which the authors explain in terms of a coherent theory of political economy--defined as the mobilization and exchange of goods and services between families. The authors show that the interconnected processes of technological change and population growth are the motor of social change, resulting in three related processes--intensification, integration, and stratification--that transform human societies over time. The validity of their theory rests on evidence drawn from 19 case studies that range widely over time and space. For this new edition, the authors have thoroughly rewritten the theoretical argument for greater clarity, updated the case materials to incorporate new research, and added a new chapter that applies their theoretical perspective to the problems of change since the industrial revolution and the globalization of trade and political influence. Reviews of the First Edition In a book full of perceptive observations and persuasive arguments . . . Johnson and Earle show in masterly detail how societies articulate to their environments and . . . how they evolve. --Ethnohistory A major contribution. . . . The book is a marvelous synthesis of ethnographic and historical data. --American Journal of Sociology A large amount of research and thought has produced sensible and illuminating specific analyses of the mechanisms of evolutionary change. Another plus is that the writing is clear and the argument is neatly conceived. --American Anthropologist. |
| law of increasing opportunity cost example: Microeconomics Study Guide Timothy Tregarthen, John Brock, Dale Deboer, 1999-12-15 |
| law of increasing opportunity cost example: Economics: An Introduction to Traditional and Progressive Views Howard J Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip O'Hara, Barbara A. Wiens-Tuers, 2015-01-28 This classic text offers a broader intellectual foundation than traditional principles textbooks. It introduces students to both traditional economic views and their progressive critique. Revised, expanded, and updated for this new edition, the text puts the study of microeconomics, macroeconomics, and globalization in their historical context. While covering the same topics as a traditional text, it also offers a richer discussion of economic history and the history of economic thought, including the ideas of Karl Marx, Thorstein Veblen, and John Maynard Keynes. This allows students to see economics as a way of understanding the world - as a lens for social analysis - rather than, as immutable truth or ideal to which the world should be molded.This completely revised edition incorporates new chapters on microeconomics and macroeconomics, as well as more graphs to enhance the theoretical presentations. Unlike the previous editions, it includes many pedagogical tools to encourage student participation and learning. Each of the 56 chapters opens with Learning Objectives, and key terms appear in boldface within the text and are listed at the end of each chapter. Other end-of-chapter material includes Summary of Major Points, Analytical Questions, and References. An online Instructor's Manual is available to professors who adopt the text. |
| law of increasing opportunity cost example: AP® Microeconomics Crash Course, For the New 2020 Exam, Book + Online David Mayer, 2020-03-23 REA: the test prep AP teachers recommend. |
| law of increasing opportunity cost example: Contemporary Economics Robert Carbaugh, 2024-05-29 The ninth edition of Contemporary Economics continues to offer a clear, concise presentation of basic micro- and macroeconomic theory. Emphasizing how the discipline of economics connects to the world, the book takes a friendly and accessible tone, illustrating theory with applications. This new edition comes with updated applications and data to reflect the changing world events and contemporary issues since the previous edition was published. With a vast range of updated applications, the handbook uses real-world, globally relevant examples that make the subject easy to understand. Including a suite of digital resources including instructor’s manual, lecture slides, and test bank, Contemporary Economics is suitable for both economics students and non-majors studying economics and economic issues at the introductory level. |
| law of increasing opportunity cost example: Microeconomics Made Simple Pasquale De Marco, 2025-05-17 Embark on an enlightening journey into the captivating world of microeconomics with this comprehensive guide, meticulously crafted for an American audience. Delve into the intricate workings of markets, unraveling the choices individuals and firms make in response to scarcity. Discover the forces that drive supply and demand, shaping prices and quantities in a dynamic economic landscape. Uncover the nuances of market structures, from perfect competition to monopoly, and explore how they influence market outcomes, including price, output, and efficiency. Gain insights into consumer behavior, examining the factors that shape individual preferences and consumption patterns. Understand the complexities of production and cost, delving into the relationship between inputs and outputs, and unraveling the dynamics of cost behavior. Master the concept of market efficiency, exploring the ideal state of resource allocation and the factors that contribute to it. Analyze externalities, recognizing their impact on third parties and the potential need for government intervention. Equip yourself with the knowledge and skills necessary to navigate the intricate world of microeconomics, making informed decisions as consumers, producers, and policymakers. Written in an engaging and accessible style, this book demystifies the complexities of microeconomics, making it an invaluable resource for students, professionals, and anyone seeking a deeper understanding of the economic forces that shape our lives. Gain a comprehensive grasp of microeconomic principles and apply them to real-world scenarios, empowering yourself to make informed economic choices and contribute meaningfully to economic discussions. This comprehensive guide to microeconomics is your gateway to unlocking the secrets of markets, consumer behavior, and economic efficiency. With clear explanations, insightful examples, and thought-provoking questions, this book is an indispensable resource for anyone seeking to master the fundamentals of microeconomics. Enhance your economic literacy and gain a deeper appreciation for the intricate workings of the economic system that governs our world. If you like this book, write a review on google books! |
| law of increasing opportunity cost example: Environmental and Natural Resources Economics Steven C. Hackett, 2001 With over 25% new material, this new edition of Environmental and Natural Resources Economics offers an accessible and balanced treatment of economic theory and policy relating to the environment, as well as a thorough overview of the economics of sustainability. Intended for both students and practioners, the book has been completely updated to include discussion and analysis of the latest U.S. and international environmental policy initiatives -- such as the Kyoto Protocol--and how they affect the global economy. Fully-integrated web source linkages have also been added throughout to enable all readers to make better use of the book's own website and a myriad of other available internet resources for research and supplemental reading on this crucial subject |
| law of increasing opportunity cost example: CliffsQuickReview Economics John Duffy, 2007-08-13 CliffsQuickReview course guides cover the essentials of your toughest subjects. Get a firm grip on core concepts and key material, and test your newfound knowledge with review questions. Whether you need a course supplement, help preparing for an exam, or a concise reference for the subject, CliffsQuickReview Economics can help. This guide covers macroeconomics, microeconomics, economic analysis, and economic analysis. In no time, you'll be tackling topics such as Price elasticity of demand and supply Gross national product, inflation, and unemployment Classical and Keynesian theories of output and employment Fiscal and monetary policy Monopolistic competition and oligopoly CliffsQuickReview Economics acts as a supplement to your other learning materials. Use this reference in any way that fits your personal style for study and review — you decide what works best with your needs. You can flip through the book until you find what you're looking for — it's organized to gradually build on key concepts. You can also get a feel for the scope of the book by checking out the Contents pages that give you a chapter-by-chapter list of topics. Tabs at the top of each page that tell you what topic is being covered. Heading and subheading structure that breaks sections into clearly identifiable bites of information. Keywords in boldface type throughout the text. Wealth of figures and formulas designed to provide visual references. With titles available for all the most popular high school and college courses, CliffsQuickReview guides are comprehensive resources that can help you get the best possible grades. |
| law of increasing opportunity cost example: Principles of Macroeconomics 3e David Shapiro, Daniel MacDonald, Steven A. Greenlaw, 2024-08-23 *Also available as audiobook! Principles of Macroeconomics 3e covers the scope and sequence of most one semester introductory macroeconomics courses. The third edition takes a balanced approach to the theory and application of macroeconomics concepts. The text uses conversational language and ample illustrations to explore economic theories, and provides a wide array of examples using both fictional and real-world scenarios. The third edition has been carefully and thoroughly updated to reflect current data and understanding, as well as to provide a deeper background in diverse contributors and their impacts on economic thought and analysis. For example, the third edition highlights the research and views of a broader group of economists. Brief references and deeply explored socio-political examples have also been updated to showcase the critical – and sometimes unnoticed – ties between economic developments and topics relevant to students. This is an adaptation of Principles of Macroeconomics 3e by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. This is an open educational resources (OER) textbook for university and college students. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
| law of increasing opportunity cost example: Macroeconomics as a Second Language Martha L. Olney, 2011-08-24 Macroeconomics as a Second Language, a new volume in Wiley's bestselling As a Second Language series, is a study and review guide for students taking principles of macroeconomics courses or for any student who needs a review of fundamental concepts. A professor of the course for more than a decade, Olney combines her insights and experience in the classroom into this concise and accessible text. |
| law of increasing opportunity cost example: Ebook: Microeconomics, Global Edition MCCONNELL, 2011-09-16 Ebook: Microeconomics, Global Edition |
| law of increasing opportunity cost example: eBook: Economics 20th Edition MCCONNELL, 2017-02-15 eBook: Economics 20th Edition |
| law of increasing opportunity cost example: Microeconomics: Theory And Applications D. N. Dwivedi, 2002-09 This book is intended to be a comprehensive and standard textbook for undergraduate students of Microeconomics. Apart from providing students with sufficient study material for examination purpose, it aims at making them understand economics. An effort has been made to explain abstract and complex microeconomic theories in a simple and lucid language without sacrificing analytical sophistication. The subject matter has been structured in a systematic manner without leaving gaps for the readers to fill in. Though the approach is non-mathematical, simple algebra has been used to give a concrete view of economic concepts and theories and to show the applicability of economic theories in decision making. |
| law of increasing opportunity cost example: Environmental and Natural Resources Economics Steven Hackett, Sahan T. M. Dissanayake, 2019-07-23 This new edition of Environmental and Natural Resources Economics provides an accessible yet rigorous treatment of the subject, including the economics of sustainability. The new edition has been updated extensively throughout. A new chapter has been added on fisheries economics and policy, and the chapter on global climate change has been substantially rewritten to incorporate new scientific information and evolving public policy. Many new figures and tables have been added, and the glossary has also been expanded. Readers will appreciate the balanced and accessible coverage, and the integration of economics with science and public policy. |
| law of increasing opportunity cost example: Principles of Economics, 2Nd Edition Dwivedi D.N., 2009-11-01 Principles Of Economics Is A Comprehensive Textbook For Undergraduate And Postgraduate Students. The Book Begins With A Simple Introduction To Economics As A Social Science, Moves On To Basic Economic Problems Of Individuals, Firms And The Society Focusin |
| law of increasing opportunity cost example: Construction Economics Danny Myers, 2004 Students across a wide range of disciplines, ranging from construction management and construction engineering through to architecture, property and surveying should find this an invaluable textbook. |
| law of increasing opportunity cost example: The Evolution of Economic Ideas and Systems Geoffrey Schneider, 2018-12-07 In order to fully understand the evolution and future growth of economic systems, we must draw on the lessons of economic history. The 2008 Financial Crisis, for example, mirrored past economic meltdowns with uncanny accuracy. Just like the Great Depression of the 1930s and the Savings and Loan Crisis of the 1980s, it featured deregulated lenders taking incredible risks with other people’s money. Historical analysis is crucial to understanding trends and patterns that can help us predict the future. This text presents a ground-breaking, pluralistic introduction to economic history and the history of economic thought. Tracing the development of economic systems and economic thought, the text introduces students to the story from ancient times to contemporary capitalism, and also its critics. Focusing in particular on Smith, Marx, Veblen, and Keynes, the text encourages students to consider which ideas and systems are still relevant in the modern world. This book can be used as a standalone text for relevant classes or as a supplement in any principles course. |
| law of increasing opportunity cost example: Microeconomic Principles and Problems Geoffrey Schneider, 2024-01-22 Microeconomic Principles and Problems offers a comprehensive introduction to all major perspectives in modern microeconomics, including mainstream and heterodox approaches. By providing multiple views of markets and how they work, readers will be better able to understand and analyze the complex behaviors of consumers, firms, and government officials, as well as the likely impact of a variety of economic events and policies. Most principles textbooks cover only mainstream economics and neglect the rich contextual analysis of heterodox economists. Heterodox material is presented as complementary to mainstream economics: understanding both approaches yields the deepest level of understanding. The book covers standard models, and includes substantial coverage of existing economic realities, featuring case studies and descriptive data. The book includes some coverage of all major heterodox schools of thought. This second edition incorporates new and expanded material on international trade (including disintegration and Brexit), climate issues and perspectives including degrowth, inter-temporal exchanges and games, non-market exchanges, trends in job opportunities, the rising cost of education, the gig economy, social media as an industry, and updated examples and cases. The book’s suite of digital resources has also been revised to ensure examples and activities are relevant to each part of the book. Written in an engaging style focused on real-world examples, this groundbreaking book brings economics to life. It offers the most contemporary and complete package for any pluralist microeconomics class. |
| law of increasing opportunity cost example: MarketSim Todd Porter, Rochelle L. Ruffer, Kriss Schueller, 2004-03 MarketSim is made up of two simulations designed to help students better understand how markets work by taking on the roles of consumers and producers in a simulated economy. It allows students to participate in markets first hand by buying and selling labor and goods asynchronously via the Internet. As in the real world, the players themselves determine prices and production levels as they interact. As the simulation progresses, students will have the opportunity to observe how a market reaches equilibrium and how the independent behavior of buyers and sellers determines output and prices. |
| law of increasing opportunity cost example: Macroeconomics, Second Edition Timothy D. Tregarthen, Libby Rittenberg, 1999-12-23 Introducing the principles of economics as the study of choice, renowned economists and teachers Tim Tregarthen and Libby Rittenberg provide students with an accessible, straightforward overview of the field. Combining the clarity and writing of Tregarthen's The Margin with dramatic teaching insight, Tregarthen and Rittenberg guide students to an understanding of basic economic principles to help them understand how real individuals work with economics. In the completely revised Second Edition, the authors illustrate the practicality and relevance of economics with a variety of new student-friendly features and applications. The combination of student-oriented activities, examples and real-world applications with a host of new supplemental tools make Tregarthen/Rittenberg's Economics a teaching tool without parallel. |
| law of increasing opportunity cost example: Economics for Today Allan Layton, Tim Robinson, Irvin Tucker, 2018-09-01 Economics for Today 6e simplifies the array of confusing economic analyses and presents a straightforward and balanced approach that effectively teaches the application of basic economics principles. Only essential material is included in the book and key concepts are explained in clear and simple terms. Written in an engaging and user-friendly manner, the book is designed for non-majors (although can also be used in these courses) with a continued focus on ethics in economics, sustainability and environmental economics, housing stress, development, health, happiness and debt crises. Economics for Today 6e is also available in MindTap, a personalised eLearning solution. MindTap provides interactive graph builders, online tests, video content and access to Aplia to build student confidence and give you a clear picture of their progress. |
| law of increasing opportunity cost example: Macroeconomic Principles and Problems Geoffrey Schneider, 2022-09-29 Macroeconomic Principles and Problems: A Pluralist Introduction offers a comprehensive overview of the major topics in modern macroeconomics, from mainstream and heterodox perspectives. This textbook examines the key macroeconomic problems and policy debates facing contemporary society, including economic crises, sustainability, fiscal and monetary policy, government debt, state-led vs. market-led approaches for growth, and unregulated trade vs. protectionism. Written in an engaging style and focused on real-world examples, this textbook brings macroeconomics to life. Multiple examples of how each economic model works, coupled with critical analysis of the assumptions behind them, enable students to develop a sophisticated understanding of the material. Digital supplements are also available for students and instructors. Macroeconomic Principles and Problems offers the most contemporary and complete package for any pluralist macroeconomics principles class. |
| law of increasing opportunity cost example: Metaheuristic and Evolutionary Computation: Algorithms and Applications Hasmat Malik, Atif Iqbal, Puneet Joshi, Sanjay Agrawal, Farhad Ilahi Bakhsh, 2020-10-08 This book addresses the principles and applications of metaheuristic approaches in engineering and related fields. The first part covers metaheuristics tools and techniques such as ant colony optimization and Tabu search, and their applications to several classes of optimization problems. In turn, the book’s second part focuses on a wide variety of metaheuristics applications in engineering and/or the applied sciences, e.g. in smart grids and renewable energy. In addition, the simulation codes for the problems discussed are included in an appendix for ready reference. Intended for researchers aspiring to learn and apply metaheuristic techniques, and gathering contributions by prominent experts in the field, the book offers readers an essential introduction to metaheuristics, its theoretical aspects and applications. |
| law of increasing opportunity cost example: Construction Economics Mr. Rohit Manglik, 2024-01-17 EduGorilla Publication is a trusted name in the education sector, committed to empowering learners with high-quality study materials and resources. Specializing in competitive exams and academic support, EduGorilla provides comprehensive and well-structured content tailored to meet the needs of students across various streams and levels. |
| law of increasing opportunity cost example: Microeconomics Thomas Paul Barbiero, Campbell R. McConnell, Stanley L. Brue, 1999 |
| law of increasing opportunity cost example: Advanced Placement Economics John S. Morton, 2003 The teacher guide accompanies the student activities books in macro and microeconomics for teaching collegelevel economics in AP Economics courses. The publication contains course outlines, unit plans, teaching instructions, and answers to the student activities and sample tests. |
| law of increasing opportunity cost example: Economics by Example David A. Anderson, 2006-11-03 This book introduces the principles of economics with enticing, real-life applications. The goal is to help readers understand how their lives are immersed in economics as they learn critical concepts. |
| law of increasing opportunity cost example: Macroeconomics Campbell R. McConnell, Thomas Paul Barbiero, Stanley L. Brue, 1999 |
| law of increasing opportunity cost example: Modern Microeconomics HL Ahuja, The nineteenth edition of Modern Microeconomics continues to provide a detailed understanding of the foundations of microeconomics. While it provides a solid foundation for economic analysis, it also lucidly explains the mathematical derivations of various microeconomic concepts. This textbook would be extremely useful for the students of economics. |
| law of increasing opportunity cost example: Modern Microeconomics: Theory and Applications, 19th Edition Ahuja H.L., 2022-01-03 The nineteenth edition of Modern Microeconomics continues to provide a detailed understanding of the foundations of microeconomics. While it provides a solid foundation for economic analysis, it also lucidly explains the mathematical derivations of various microeconomic concepts. This textbook would be extremely useful for the students of economics. |
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