Or, the opportunity cost that use a certain resource is the highest price of abandoning other uses of this resource
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2.2 the definition of microeconomics
The starting point of economics searching The definition of Microeconomics People how to make decision Why need to bargain Why need to build market economics
Economics is a study, learning selection of scarce resources with different uses; The goal is effective allocation of scarce resources to produce goods and services, and in the present or future, let them reasonable allocated to social members or group for consumption.
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Production possibilities curve
PPC is a graph that shows the combinations of output that the economy can possibly produce given the available factors of production and the available production technology.
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Quarter one What is microeconomics
Microeconomics and Marxist Economics Definition and theory of Microeconomics Main content of Microeconomics The problem settled by Microeconomics
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1. Microeconomics and Marxist Economics
Marxist economics is the study of the motion law of scientific production relations（生产关系运动规律）, it critically absorbs classical plutonomy（政治经济学） scientific composition, creates surplus value（剩余 价值）, reveals the secret that the capitalists exploit the workers.
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2.1 the starting point of economics
Free access objects
Resource
Economic objects
scarcity （紧缺）
Limited resource different uses
scarcity
Unlimited desire
The point on the PPC means that the resource have been used fully on the existing technical level.
The point inside the PPC means the resource haven’t been used fully or we call it resource idle.
priorities
decision
decision
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what how who
Fundamental model
__means that the resource have been used fully on the existing technical level.
__means the resource haven’t been used fully or resource idle.
The advance of technology and larger quantity of resource can make PPC move rightward.
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Opportunity cost
The opportunity cost that produce one product with certain resource is the quantity of another we give up.
microeconomics
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Chapter One
Preliminaries （引论）
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Introduction
What is microeconomics? What is the origin and development of
microeconomics? How to handle microeconomico make decision
There is no mystery to what an “economy” is. Whether we are talking about the economy of Los Angeles, of the United States, or of the whole world, an economy is just a group of people interacting with one another as they go about their lives. Because the behavior of an economy reflects the behavior of the individuals who make up the economy, we start our study of economics
Western economics is the western scholars' summary about market economic operation rules, and proposes the economic policy.
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2. Definition and theory of Microeconomics