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Economics (including finance) is a social science that studies how to allocate scarce resources. Neoclassical economics is a school of economics that has dominated the
Economics (including finance) is a social science that studies how to allocate scarce resources. Neoclassical economics is a school of economics that has dominated the economic thought since the 20th century. All the economic and financial theories you have learned so far belong to the neoclassical economics. These theories are based on several fundamental assumptions of human behavior. Can you list at least four of these assumptions and briefly explain them?
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