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hi, could you help write concept map on the school of thought Classical and Neoclassical Economies RMIT Classification: Trusted Classical economists assumptions a free-market capitalist

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hi, could you help write concept map on the school of thought "Classical and Neoclassical Economies"

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RMIT Classification: Trusted Classical economists assumptions a free-market capitalist economic system is a self-regulating economic organ system governed by the natural laws of production and exchange. economic a capitalism. The Economy is self regulating trade and "Laissez faire" "invisible hand" private . Inadequate demand is not a problem in the economy . Wage rates are flexible both up and down cononRMIT Classification: Trusted Neoclassical Marshall, Jevons, Menger, Walras . Marginal analysis - last unit of analysis . General equilibrium -variables mutually interdependent remain at rest until exogeneous force . Rationality - individuals can identify and choose the best option . Price theory . Utility . A priori theorizingSee below for a concept map of a concept as an example: Concept Maps help to answer represent "Focus Question(s)" Organized needed to Associated includes Knowledge answer Feelings or Affect is is comprised of Context add to Dependent necessary Linking used to for Effective Concepts connected form Propositions Teaching e.g. using Words are are are may be Effective Personal are Learning Perceived Units Social Regularities of Meaning Crosslinks or Patterns Labeled Hierarchically Structured constructed in begin with show with aids especially Cognitive Symbols Words with Events Objects Structure (Happenings) (Things) Interrelationships Creativity Experts begins between Infants with needed to see Different Map Segments

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