Micro revision econplusdal print screens

Y1/IB 1) The Economic Problem (Scarcity & Choice)

Y1/IB 2) Production Possibility Curves - PPCs / PPFs

Y1/IB 3) Demand and the Demand Curve

Y1/IB 4) Supply and the Supply Curve

Y1/IB 5) Market Equilibrium & Disequilibrium

Y1/IB 6) Microeconomic Equilibrium Shifts

Y1/IB 7) Price Mechanism - The 4 Functions

Y1/IB 8) Consumer and Producer Surplus

Y1/IB 9) Interrelated Markets (Complements, Substitutes, Derived & Composite Demand, Joint Supply)
Y1/IB 10) Price Elasticity of Demand - PED

Y1/IB 11) PED and Total Revenue

Y1/IB 12) Price Elasticity of Supply (PES)
Y1/IB 13) Cross Elasticity of Demand (XED)
Y1/IB 14) Income Elasticity of Demand (YED)
Y1/IB 15) Elasticity - Business Use and Limitations
Y1/IB 16) Indirect Taxation - Market Impact
Y1/IB 17) Subsidy - Market Impact

Y1/IB 18) Minimum Price (Price Floor) - Market Impact

Y1/IB 19) Maximum Price (Price Ceiling) - Market Impact

Y1/IB 20) What is Allocative Efficiency?

Y1/IB 21) Types of Market Failure

Y1/IB 22) Negative Externalities in Production and Consumption

Y1/IB 23) Positive Externalities in Consumption and Production
Y1/IB 24) Merit and De Merit Goods
Y1/IB 25) Public Goods

Y1/IB 26) Common Access Resources - Tragedy of the Commons

Y1/IB 27) Government Failure

Y1/IB 28) Indirect Tax and Market Failure

Y1/IB 29) Subsidy and Market Failure

Y1/IB 30) Regulation and Market Failure

Y1/IB 31) State (Direct) Provision

Y1/IB 32) Tradable Pollution Permits

Y1/IB 33) Price Controls (Minimum/Maximum Prices) and Market Failure

Y1/IB 34) Property Rights and Market Failure

Y1/IB 35) Economic Systems - Market, Command and Mixed Economies