Rational Choice and Incentives
Rational Choice and Incentives
Economics often assumes that people are rational decision makers. This means they weigh the costs and benefits of their options and choose the option that best meets their objective.
Step-by-step lessons on AQA A Level Economics 1.2.1 Consumer behaviour. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.