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Pure vs Applied
Scientific Methods of Investigation
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acceleration principle amount analysis applied economics assets assumption becomes behaviour brium called capital cash balance cause coefficients commodity concept constant returns consumption correct cost of production Crusoe demand and supply depends determined duopolist dynamic dynamic equilibrium econometrics economic system economists elasticity of substitution employment endogenous equal equations exogenous force fact factors of production fluctuations function fundamental Harrod homeostasis human increase indifference curve individual industries input input-output analysis investment Keynes knowledge labour lecture loanable funds macro-economics marginal utility mathematics maximising maximum means measure mind money income Multiplier nature optimum output period physical units position of equilibrium possible preferred principle problem Professor Hicks profit quantity rate of interest realised relationship result rise savings sense social welfare socialist stability static static equilibrium supply and demand theory of interest thing tion trade cycle unit variables wage wants welfare economics words