Recent content by loomb8

is the traditional standard theory of price in micro-eco the supply/demand curve and equilibrium? is that basically what it is? is the s/d curve the backbone of capitalist micoreconomics because that curve is the basis of everything in laissez-faire? when it says backbone is the s/d curve the...

Hey does anyone here have a college degree in economics, can you please briefly answer these questions: a) What model is the backbone of modern microeconomics? b) What is the traditional theory of price? c) What is game theory? d) Why did economists take up game theory? e) What is...