The Economy: Economics for a Changing World (The Core team – OUP Oxford 28 settembre 2017)

• income inequality

• capitalism

• capitalism system

• growth

• technology and costs

• changes in the industrial revolution

• malthusian economics

• income and substitution effects

• labour

• labour – the feasible set

• determinants of the employment rent

• firms, markets, the division of labour

• principals and agents

• the work model, wages, effort and profits in the labour

• economies of scale and the cost advantages of large-scale production

• demand and isoprofit curves

• gains from trade

• demand elasticities in government policy

• compeititve equilibrium

• increase in demand means

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