Economics A
Harvard University
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MARK SCHEME – A-LEVEL ECONOMICS – 7136/2 – JUNE 2019
- Exam (elaborations) • 22 pages • 2021
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MARK SCHEME – A-LEVEL ECONOMICS – 7136/2 – JUNE 2019
Exam (elaborations)
MARK SCHEME – A-LEVEL ECONOMICS – 7136/2 – JUNE 2019
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MARK SCHEME – A-LEVEL ECONOMICS – 7136/2 – JUNE 2019
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Ordinalist theory explained
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Ordinalist theory explained
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Ordinalist theory explained
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Ordinalist theory explained
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Cardinalist theory explained
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CARDINALIST THEORY:

Cardinal utility theory

Concept of utility

Marginal utility

Assumptions (axiom) made under cardinal approach

Derivation of the equilibrium condition for the consumer

Derivation of the demand curve for the consumer

Critique of the cardinal approach
Summary
Cardinalist theory explained
Last document update:
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CARDINALIST THEORY: 
Cardinal utility theory 
Concept of utility 
Marginal utility 
Assumptions (axiom) made under cardinal approach 
Derivation of the equilibrium condition for the consumer 
Derivation of the demand curve for the consumer 
Critique of the cardinal approach
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