Microeconomics: Principles and Tools

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Principles and Tools

In keeping with the themes of relevance and student accessibility, we have once again organized our text aroundthe five key principles of economics. Throughout the text, every point of theory is tied back to the five key principles and is indicated by the symbol.

  1. The Principle of Opportunity Cost.
  2. The Marginal Principle.
  3. The Principle of Dimishing Returns.
  4. The Spillover Principle
  5. The Reality Principle.
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