Exam (elaborations)
ECS3705 Assignment 4 Semester 1 2023 (751931)
- Institution
- University Of South Africa (Unisa)
This document contains suggested solutions & detailed explanations. For assistance, call or .
[Show more]
1 review
By: bathiniketsiwe • 1 year ago
Content preview
ECS3705ASSIGNMENT 04
SEMESTER 1 2023
Preview
In the development of economics, the Neoclassical school emerged as a prominent approach
during the rise of Alfred Marshall, who introduced mathematical analysis into the study of
economics. This school of thought can be considered an evolution of the classical and
marginalist schools, as it adopted certain core principles from these earlier schools. In this
essay, we will delve into the five Neoclassical ideologies that were derived from the classical
and marginalist schools and discuss each one in detail.
1. Utility Maximization: One of the fundamental ideologies inherited from the marginalist
school is utility maximization.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller knowledgehut. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
84866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now