MICROECONOMICSClassroom Lecture Notes (3 credits, as of 2004) based on Hal R. Varian’s Intermediate Microeconomics, Sixth Edition, referring to Pindyck and Rubinfeld’s Microeconomics, Fourth Edition. Problem of trade-off, and choice. Economics, as a way of thinking, as a dismal science. Problems - solutions - hidden consequences. Main decision-making agents: 1 individuals (household), 2 firms, and 3 governments. Objects of economic choice are commodities, including goods and services. Main economic activities: Con
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