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.1 Production Possibilities Frontier :


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.2 Inputs Market Household Sector


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Isocost Line . Indifference Curve .
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.6 Horizontal

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.7 Cross Price Elasticity


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Price Elasticity of Supply .8

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Price .11 Price Elasticity of Demand


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Real .15 Inflation

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Return on Investment

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.16 Required Rate of Reserve 0.05


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20 . 0.5 .
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] 1[ .18 Money Creation :


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.19 Interest Rate 1] :[


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] 1[ .20 :Macroeconomic Concept


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] 20[ : )( )(:

. Monopolist .
Cost Function:
TC= 10Q 2 + 30Q + 56
Market Demand Equation :
P = 200 2Q
ASCA/Paper 1/2012 3
.1 ] 1[


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] 1[ Marginal Cost Function .2

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] 1[ .3 Average Total Cost 8

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] 1[ .4 Total Revenue Function

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] 1[ .5 Marginal Revenue Function


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ASCA/Paper 1/2012 5


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P = 200 4Q
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ASCA/Paper 1/2012 6
. Market Demand Market Supply )(X

:
Qdx
Qdx= 120-
120-20P
Qsx
Qsx= 10P-
10P-30

.1 Equilibrium Price Equilibrium Quantity


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Price Ceiling
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] 20[ : )( )( )(:


. Aggregate Output
.Aggregate Income .


Imports Exports Government Taxes Consumption
Expenditures Gross Aggregate
Investment Output
700 800 300 400 200 800 1400
700 800 300 400 200 850 1500
700 800 300 400 200 900 1600
700 800 300 400 200 950 1700
700 800 300 400 200 1000 1800
700 800 300 400 200 1050 1900
700 800 300 400 200 1100 2000
700 800 300 400 200 1150 2100

] 1[ Marginal Propensity
Propensity to Consume .1

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] 1[ Equilibrium Level of Output .3


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50000 Net Present Value
%16 Rate of Return
5 Repayment Period
%20 Internal Rate of Return
5 Duration of project ) (
200000 Initial Investment
%8 Interest Rate
Rate Market

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150000 10 .
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Flat Rate %6 10 A
%5.5 10 B

3 %5 10 C

.1 Interest Source of Fund


Present Value
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] 20[ : :


Utility Function Production Function
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Inferior Goods .3 Normal Goods

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] 2[ Price Elasticity of Supply .4

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] 3[ Demand For
For Money .5


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] 2[ Average Cost .6 Marginal Cost

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] 2[ .7 Monopoly

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] 2[ .8 Aggregate Expenditures

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] 2[ Absolute Advantage .1

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] 2[ Real Interest Rate .3

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] 2[ The Monetary Policy .4


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] 2[ Marginal Propensity to Consume .5

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] 2[ The Command Economy .6

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] 2[ The Law of Demand .7


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] 2[ Net Present Value .8

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] 2[ Imports Quotas .9

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ASCA/Paper 1/2012 22
] 2[ Consumer
Consumer Surplus .10


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