Microeconomics

.Calculating Equilibrium Price and Quantity 

    Qd =Qs

Price Elasticity of Demand 

%changing Q / %changing P = e

*İnverse of the slope of demand curve

Point Elasticity 

(dQ/ dP) . (P/ Q)

 Determinants of Price Elasticity of Demand 

• share of expenditure on the good in the budget
• substitutes
• change in preferences
• broadness of good categories

İktisatta Araştırma Yöntemleri 2

Paradigm: The entire constellation of beliefs, values, techiques and so on shared by the numbers of a given community.

1. Pre Paradigm
2. Normal science
3. Crisis
4. Scientific Revolution
5. Post- Revolution

*Crisis: Obsevations/ phenoma which are diffucult to explain with the dominant paradigm accumulate and constitute a serious problem. But in most cases the solution is still found within normal science
*Thomas Kuhn--> Scientific paradigms.

 

*Copernican Revolution