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Articles in economics journals are usually classified according to JEL classification codes, which derive from the Journal of Economic Literature.The JEL is published quarterly by the American Economic Association (AEA) and contains survey articles and information on recently published books and dissertations.
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The AS-level is now a separate qualification and is not required for an A-level award, although it still encompasses the first year of the full A-level content. However, unlike AS-levels in the old modular courses, they are now worth only 40% as many UCAS points as a full A-level (from 50% in the modular courses), as content from the second ...
Secondary education aims to give students a good level of common knowledge, and to prepare them for higher education, for a vocation, for life and for business in line with their interests, skills and abilities. In the academic year 2001–2002, 2.3 million students were enrolled and 134,800 teachers were employed in 6,000 education institutions.
In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which is the loss of the most preferred alternative given up. [2] A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service, or experience, rather than others that could be made or obtained using the same required resources.
A common position in economics is that the costs in a cost-benefit analysis for any tax-funded project should be increased according to the marginal cost of funds, because that is close to the deadweight loss that will be experienced if the project is added to the budget, or to the deadweight loss removed if the project is removed from the budget.
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In economics, an agent is an actor (more specifically, a decision maker) in a model of some aspect of the economy.Typically, every agent makes decisions by solving a well- or ill-defined optimization or choice problem.