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Table Of Contents

1. Positive and Normative Economics
2. Economic Resources
3. Scarcity and Choice in Resource Allocation
4. Opportunity Cost, Production Possibiility, Choices and Trade-Offs
5. Economic Efficiency
6. Specialisation & Comparative Advantage
7. Consumer Surplus
Consumer Surplus
8. Producer Surplus
Producer Surplus
9. Functions of the Price Mechanism
10. Theory of Demand
11. Theory of Supply
12. Market Equilibrium
13. Price Elasticity of Demand
Price Elasticity of Demand (Ped)
14. Price Elasticity of Supply
Price elasticity of supply
15. Income Elasticity of Demand
Income elasticity of demand (Yed)
16. Cross Price Elasticity of Demand
Cross Price Elasticity of Demand (Cped)
17. Inter-relationships between Markets
Inter-relationships between markets
18. Supply and Demand Application 1 - Oil Prices
19. Supply and Demand Application 2 - House Prices
20. Indirect Taxation
21. Subsidies
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Published by tkupoluyi92

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Published by: tkupoluyi92 on Mar 28, 2011
Copyright:Attribution Non-commercial


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