[Answer] What is the fundamental question of economics? Lecture 7

Answer: -The allocation of scarce resources in the presence of unlimited wants.-What's the best way to use limited stuff? Lecture 6

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What is the fundamental question of economics? Lecture 7 Paul Anthony Samuelson (May 15 1915 – December 13 2009) was an American economist.The first American to win the Nobel Memorial Prize in Economic Sciences the Swedish Royal Academies stated when awarding the prize in 1970 that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic … Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses. Microeconomics … Efficient-market hypothesis - Wikipedia Foundations of Economic Analysis - Wikipedia Paul Samuelson - Wikipedia Efficient-market hypothesis - Wikipedia Foundations of Economic Analysis is a book by Paul A. Samuelson published in 1947 (Enlarged ed. 1983) by Harvard University Press.It is based on Samuelson's 1941 doctoral dissertation at Harvard University.The book sought to demonstrate a common mathematical structure underlying multiple branches of economics from two basic principles: maximizing behavior of agents (such as of utility … Steven David Levitt (born May 29 1967) is an American economist and co-author of the best-selling book Freakonomics and its sequels (along with Stephen J. Dubner).Levitt was the winner of the 2003 John Bates Clark Medal for his work in the field of crime and is currently the William B. Ogden Distinguished Service Professor of Economics … Financial economics is the branch of economics characterized by a "concentration on monetary activities" in which "money of one type or another is likely to appear on both sides of a trade". Its concern is thus...

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