Week 1- Module One
1. What is macroeconomics?
Macroeconomics- the study of aggregate outcomes of economic behaviour.
Key economic aggregates;
Employment and Unemployment
Output (GDP, National Income)
Inflation (and sometimes deflation)
Growth (and in th
Module Two- Part A
1. Fallacy of Composition
fallacy of composition- occurs when what might hold at the individual (micro) level does not
hold at the (macro) level.
Economic example: If one person searches hard for a job and is successful, therefore
NAME: CHOR CHAN RITHY
First day of starting class, we learned about definition and process of ADR
ADR focus on three Negotiation, Mediation, Conciliation
Dispute can be solved through court system and outside court
6. what are the theory of state recognition? Please briefly describe
Recognition: Legal Effects
- Constitutive Theory: A State does not exist until recognized by most other States
- Declaratory Theory: A question of fact: are the requirements met?
1. State the law of demand.
The quantity demanded for a good rises as the price falls, with all other things staying
All other things being equal, the quantity of a good or service is a function of price.
The quantity demanded and the price of
Rodrguez, Carlos E.
Monopolio: punto de equilibrio y costo social
Facultad de Ciencias Econmicas San Francisco UCA Mendoza
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