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Microeconomics

In: Business and Management

Submitted By emmie
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KASOZI.EMMANUEL
UB18416BBU26251

INTRODUCTION TO MICROECONOMICS

A Final Thesis Presented to AIU
The Academic Department
Of the School of Business and Economics
In Partial Fulfillment of the Requirements
For the Bachelors Degree in Business Administration

Atlantic International University (AIU)

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INTRODUCTION
TO
MICROECONOMICS

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Emmanuel Kasozi
Atlantic International University (AIU) – School of Business and Economics
August 15, 2012
School work, Micro economics
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Atlantic International University (AIU)

CONTENTS

1
1.0.

Microeconomics and Business Markets an overview

2.0.

Economics is defined

3.0.

Opportunity cost

4.0.

3

Production curve

2
5.0.

Microeconomics is defined

6.0.

Business Markets

7.0.

Market

8.0.

8

Assumptions of markets

3
Demand, Supply and market Equilibrium
9.0.

10

Demand

10.0. Factors influencing Demand
11.0. Demand curve
12.0. Ceteris Paribus

4
13.0. Supply

14

14.0. The law of supply
15.0. Supply schedule
16.0. Supply curve
17.0. Factors influencing supply

Atlantic International University (AIU)

18.0. Equilibrium
19.0. Reference

21

MICROECONOMICS AND BUSINESS MARKETS
An Overview
Economics it is a broad word which is found almost everywhere in the universe. Economy is the foundation of every nation, the economy of the country determines its development and prosperity of that particular nation. When the country’s economy is in crisis also the scarce resources will be allocated in an effective way. The main reason of allocating

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