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Samenvatting Microeconomics and Behaviour.
Samenvatting Microeconomics and Behaviour.
Frank & Cartwright (2021, 3rd European edition): Chapter 2 'Supply and demand': p.
23-41
o F&C (2016, 2nd European edition): p.23-41
Frank & Cartwright (2021, 3rd European edition): §Price elasticity of demand, §In-
come elasticity of demand en §Cross-price elasticity of demand: p.128-142
o F&C (2016, 2nd European edition): 127-142
Frank & Cartwright (2021, 3rd European edition): §Using price elasticity of demand
en §Tax incidence: p. 158-166
o F&C (2016, 2nd European edition): 158-165
Frank & Cartwright (2021, 3rd European edition): §The four conditions for perfect
competition: p. 345-347
o F&C (2016, 2nd European edition): p.340-342
Schut varkesvisser
Schut & Varkevisser (2017, 6e druk): §3.1, 3.2, 3.5, 3.6 en 3.7
Schut & Varkevisser (2017, 6e druk): §6.1, 6.3.1, 6.3.2 en 6.3.3
Schut & Varkevisser (2017, 6e druk): §9.1 en 9.2
Schut & Varkevisser (2017, 6e druk): §11.3
Bakx, P. et al. (2018), Wie zorgt en betaalt voor de ouderen van morgen? Links to
an external site., Netspar Brief Editie 14 (Juni)
Canoy, M., Y. Krabbe en X. Koolman (2022), Laat ouderen zelf ouderenzorg
inkoop ouderenzorg moeten beter Links to an external site., ESB 106 (4802): 486-
489
Chapter 1: thinking like an economist
Microeconomics and macroeconomics
Microeconomics: The study of individual choices and the study of group behaviour in individual
markets. E.g. -> How a local business decides to allocate their funds How a city decides to spend a
government surplus.
Macroeconomics: Is the study of broader aggregations of markets. E.g. -> it tries to explain the
national unemployment rate, the overall price level and the total value of national output.
Macroeconomic analysis is undeniably important -> inflation and recessions afflict millions of lives.
Example 1.1
Reservation price (of an activity): Is the price at which a person would be indifferent between doing x
and not doing x.