The Ramblings of an Economics Student...

I'm an economics student with too much going on in my head; this will be my e-whiteboard. Some things may be educational, some far from it - I apologise in advance. Yes I am on Twitter and no I don't bite, follow me: @Sam_Burrell. Gracias, peers, over and out.

Showing posts with label PPC. Show all posts
Showing posts with label PPC. Show all posts
Sunday, 10 April 2011

Market Failure (Microeconomics)

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Market failure is what occurs when the free market economy is left to run itself and resources are allocated inefficiently and not used corr...
Friday, 1 April 2011

Opportunity Cost and the Production Possibility Curve (Microeconomics)

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The term opportunity cost refers to the cost of one good in terms of the next best alternative. A very basic example is Tommy has £100 to sp...
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Sam
Sam. Second year Economics student at the University of Birmingham. Driven. Inspired. Motivated. Follow me on Twitter: @Sam_Burrell
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