BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Alfred Marshall was an English economist (1842-1924), and the true founder of the neoclassical school of economics, which combined the study of wealth distribution of the classical school with the marginalism of the Austrian School and the Lausanne School.

Detailed explanation-2: -Marshall is viewed as the founder of the neoclassical school of thought in economics and was the first to introduce many now-standard principles of the field. Neoclassical economists were interested in how agents, consumers, and producers maximize the function of scarce resources in a given market.

Detailed explanation-3: -The Neoclassical economics has its root in the works of Adam Smith (1723-90) and David Ricardo (1772-1823). The theory was refined by Alfred Marshall (1842-1924), Vilfredo Pareto (1848-1923), John Clark (1847-1938), and Irving Fisher (1867-1947) during 19th and 20th century.

Detailed explanation-4: -Neoclassical economics includes the work of Stanley Jevons, Maria Edgeworth, Leon Walras, Vilfredo Pareto, and other economists. Neoclassical economics emerged in the 1900s.

Detailed explanation-5: -Alfred Marshall was the dominant figure in British economics (itself dominant in world economics) from about 1890 until his death in 1924. His specialty was microeconomics-the study of individual markets and industries, as opposed to the study of the whole economy. His most important book was Principles of Economics.