Transcription of Microeconomics Lecture Notes - doviak.net
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Lecture Notes on the Principles of MicroeconomicsEric Doviak 3rd Edition, June 2005 Thank you for downloading my Notes . I hope this book helps you learnmicroeconomics. For more learning materials, please visit:economics @ , you will find Lecture Notes , problem sets, datasets, R scripts andwxMaxima notebooks for the main courses in the economics curriculum: intro to micro advanced micro intro to macro health macro growth macro statistics econometrics math methods international trade financial markets R language Perl language natural language MXNet in PerlTo learn more about me, please visit: If you would like tocontact me, you may email me at: again for downloading my Notes .
o Dependent variable o Independent variable o In the example above, consumption depends on income. x Parameters values which remain constant in an equation (here: 0.57 and 13,539) Y = C + I + G + (X M) x Ceteris paribus all else equal x How does an increase in investment, I, affect national income, Y ? x To answer this question we must
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