What are the topics in microeconomics?
Common topics are supply and demand, elasticity, opportunity cost, market equilibrium, forms of competition, and profit maximization. Microeconomics should not be confused with macroeconomics, which is the study of economy-wide things such as growth, inflation, and unemployment.
What are the elements of economic growth?
Economic GrowthNatural Resources.Physical Capital or Infrastructure.Population or Labor.Human Capital.Technology.Law.
How do you write a economic conclusion?
Write a Strong Conclusion Reaffirm your position and perspectives by restating your thesis – your answer to the question. Tie up your points and summarise how those ideas have supported your thesis. Provide a final statement that ‘zooms out’ and provides a broad perspective of the question.
Who is best economist in the world?
The rankingsRankAuthorScore1Andrei Shleifer Department of Economics, Harvard University, Cambridge, Massachusetts (USA) National Bureau of Economic Research (NBER), Cambridge, Massachusetts (USA)3.262James J. Heckman Department of Economics, University of Chicago, Chicago, Illinois (USA)4.1599
What is the strongest economy in the world?