Indifference curve — In microeconomic theory, an indifference curve is a graph showing different bundles of goods, each measured as to quantity, between which a consumer is indifferent. That is, at each point on the curve, the consumer has no preference for one… … Wikipedia
Contract curve — Blue contract curve showing points of tangency of indifference curves in an Edgeworth box In microeconomics, the contract curve is the set of points, representing final allocations of two goods between two people, that could occur as a result of… … Wikipedia
Free trade debate — Free trade is one of the most debated topics in economics of the 20th and 21st century Fact|date=December 2007. Arguments over free trade can be divided into economic, moral, and socio political arguments. The academic debate among economists is… … Wikipedia
New Trade Theory — Economics … Wikipedia
Marginalism — Economics … Wikipedia
Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… … Wikipedia
Edgeworth's limit theorem — is an economic theorem created by Francis Ysidro Edgeworth that examines a range of possible outcomes which may result from free market exchange or barter between groups of people. It shows that while the precise location of the final settlement… … Wikipedia
Consumer choice — Economics … Wikipedia
utility and value — ▪ economics Introduction in economics, the determination of the prices of goods and services. The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials … Universalium
Francis Ysidro Edgeworth — (8 February 1845 ndash; 13 February 1926) made significant contributions to the methods of statistics during the 1880s. From 1891 onward he was the editor of a leading academic journal in economics and his own writings in economics were… … Wikipedia
Labour economics — seeks to understand the functioning of the market and dynamics for labour. Labour markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services (workers), the demanders of labour… … Wikipedia