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Table Of Contents

Scarcity and Choice
Economic Resources
Factor Rewards
The Production Possibility Frontier
Specialisation and Trade
Positive and Normative Statements
Markets: Understanding Demand
Markets: Understanding Supply
Markets: Finding an Equilibrium Price
Price Elasticity of Demand
Price Elasticity of Supply
Income Elasticity of Demand
Cross Price Elasticity of Demand
Functions of the Price Mechanism
Price Volatility in Markets
Inter-relationships between Markets
Consumer Surplus
Producer Surplus
Markets in Action: The Market for Oil
Markets in Action: The Market for Copper
Markets in Action: The Market for Coffee
Markets in Action: The UK Housing Market
Markets in Action: The Labour Market
Markets in Action: Economics of Health Care
Background to Supply: Production and Costs
Economies and Diseconomies of Scale
Productivity
Economic Efficiency
Introduction to Causes of Market Failure
Competition and Monopoly in Markets
Negative Externalities
Positive Externalities
Merit Goods
Demerit goods
Factor Immobility
Imperfect Information
Poverty and Inequality in Resource Allocation
Government Intervention in the Market
Indirect Taxation
Producer Subsidies
Maximum Prices
Minimum Prices
Buffer Stock Schemes
Government Failure
Exam Technique
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P. 1
Edexcel as Unit 1

Edexcel as Unit 1

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Published by rishamsaif

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Published by: rishamsaif on Dec 03, 2010
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11/14/2012

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