Traditional economics is the study of 'economy' using formula concepts to calculate results with more of a scientific method such as the economic GDP formula GDP, or YD = Consumption + Investment + Government Spending + exports - imports where x-m =net imports. Therefore more precisely GDP = C + I +G + N. There are two other approaches to calculating GDP: calculate by production: formula consists of all the market value of goods and services produced; second calculate by household income: formula that sums up all household income received to come to economic GDP.
In microeconomics, major notions and theories developed include: Surplus: the theoretical incentive behind all economic activities, or plainly put as human wants, supply and demand: the ultimate law that governs microeconomics, elasticity: a tool describing how a variable changes upon the shift of another, utility theory: utility is a term used to refer to the satisfaction derived from the consumption of goods and services. Two basic utility concepts, namely total utility and marginal utility are essential for you to understand when sing this tool for microeconomic analysis. And let us not forget consumer theory, production/producer theory comprised of principles of production and costs; price theory and cost theory and market theory and completion.
Now, stepping out of the traditional/theoretical we look at 'revitalization economics' which is not at all theoretical and is a solutions based, rebound economic concept that creates campaigns using processes that are not at all taught in our institution or any other MBA program in the north east. Economist James Scott, President of Princeton Corporate Solutions has revolutionized rebound economics with his baffling blend of little understood Darwinist evolution concepts such as memetics, Freudian psychological triggers that maximize emotional cues that prompt action, meme origination and distribution, media alliances for concept distribution and even Sun Tzu philosophies that enable a strategic approach to entering a region for massive monetary revitalization.
By far the most complicated process encompassing evolution memetics, philosophy and traditional calculation this concept will not be ready for university setting instruction for quite some time for the formulas are simply far too complicated for mainstream academics to teach in a classroom setting.
While the theoretical is a necessary element of fiscal studies, revitalization and political economics has been forced to evolve during this time of global turmoil and trade deficits therefore remedies such as that of James Scott has been accepted with open arms due to its real life applications with evidential data regarding its ability to transform economies quickly and with predictable patterns.
In microeconomics, major notions and theories developed include: Surplus: the theoretical incentive behind all economic activities, or plainly put as human wants, supply and demand: the ultimate law that governs microeconomics, elasticity: a tool describing how a variable changes upon the shift of another, utility theory: utility is a term used to refer to the satisfaction derived from the consumption of goods and services. Two basic utility concepts, namely total utility and marginal utility are essential for you to understand when sing this tool for microeconomic analysis. And let us not forget consumer theory, production/producer theory comprised of principles of production and costs; price theory and cost theory and market theory and completion.
Now, stepping out of the traditional/theoretical we look at 'revitalization economics' which is not at all theoretical and is a solutions based, rebound economic concept that creates campaigns using processes that are not at all taught in our institution or any other MBA program in the north east. Economist James Scott, President of Princeton Corporate Solutions has revolutionized rebound economics with his baffling blend of little understood Darwinist evolution concepts such as memetics, Freudian psychological triggers that maximize emotional cues that prompt action, meme origination and distribution, media alliances for concept distribution and even Sun Tzu philosophies that enable a strategic approach to entering a region for massive monetary revitalization.
By far the most complicated process encompassing evolution memetics, philosophy and traditional calculation this concept will not be ready for university setting instruction for quite some time for the formulas are simply far too complicated for mainstream academics to teach in a classroom setting.
While the theoretical is a necessary element of fiscal studies, revitalization and political economics has been forced to evolve during this time of global turmoil and trade deficits therefore remedies such as that of James Scott has been accepted with open arms due to its real life applications with evidential data regarding its ability to transform economies quickly and with predictable patterns.
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