Reflexive

Talked about the models used by the economist to investigate choices made by individuals in their roles as consumers, workers, and people who plan for the future (savers and borrowers).

Applying the concept of budget line, indifference curve, utility concept, opportunity cost, substitution effect, consumer surplus, demand theory and other economic concepts that we discussed, illustrate how will it shape your decision making as a:

a. Consumer/customer

b. Borrower/ saver

c. Future member of the labor market/ employee

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