A note on some changes to the tutorial content order
It is sometimes advantageous to return to some basic principles of economics and work towards an explanation by moving in the direction bottom to top. On the subject of real incomes which involves supply and demand side considerations of price setting it is necessary to expand the discussion so as to set out what can be considered to be reasonbable assumptions of the relationshipns which exist under the general title of supply and demand. Accordingly the section of supply and demand has been brought forwards in order to set out a basic review of supply and demand factors. This will make up section 3 of the tutorial.
30th April, 2008. |
