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Micro economics
MARKET THEORY
The nature of economics
Demand curves
Supply curves
Market equilibrium
Shifts in demand
Shifts in supply
Production possibilities
Why are PPFs non-linear?
PPFs and efficiency
PPFs and unemployment
Consumer surplus
Producer surplus
Equilibrium and welfare
Maximum prices
Minimum prices
Buffer stocks
Guaranteed prices
Tax incidence
INDIFFERENCE CURVES
Equilibrium
Price effects
Giffen goods
ELASTICITY
Price elasticity of demand
PED and gradients
PED and the range of values
Unitary PED
Price elasticity of supply
Income elasticity of demand
Cross elasticity of demand
MARKETS
Housing market
MARKET FAILURES
Information failure
Merit goods
Demerit goods
Negative externalities
Positive externalities
Moral hazard
Unstable prices
GOVERNMENT FAILURE
Information failure
Unintended consequences
Farm subsidies
Business economics
COMPETITIVE FIRMS
Introduction
Perfect competition
Monopolistic competition
Cost, revenue, and profits
MONOPOLY
Monopoly
Natural monopoly
Monopoly and welfare
Price discrimination
OLIGOPOLY
Oligopoly
Game theory
Cost-plus pricing
Economies and diseconomies of scale
CONTESTABILITY
Contestable market theory
LABOUR MARKETS
Monopsony
Minimum wage
Macro economics
AD-AS FRAMEWORK
Circular flow of income
Aggregate demand
Aggregate supply
Aggregate expenditure model
Long-run aggregate supply
Equilibrium national income
Growth and recession
The cross diagram
Investment multiplier
UNEMPLOYMENT
Classical unemployment
Demand deficient unemployment
Structural unemployment
The Beveridge curve
OUTPUT GAPS
Positive output gap
Negative output gap
INFLATION
Demand pull inflation
Cost push inflation
Deflation
MACRO POLICY
Macroeconomic policy
Taxation
Fiscal policy
Monetary policy
Supply-side policy
The Phillips curve
Phillips curve breakdown
Phillips curve and policy
The Laffer Curve
Laffer and economic policy
The Lorenz curve
TRADE THEORY
Globalisation
Comparative advantage
Tariffs
Customs unions
Trade agreements
Trade diversion
The balance of trade
The Kuznets curve
EXCHANGE RATES
Exchange rates
Devaluation and the 'J' curve
Quizzes
Basic demand and supply
Consumer and producer surplus
Income and cross elasticity
Market failures
Market structures
Monopolitic competition
Monopoly
Natural monopoly
Oligopoly
Perfect competition
Price elasticity of demand
Price elasticity of supply
Price discrimination
Production possibilities
Quiz on production possibilities
Try a quiz on monopoly
Try a quiz on price discrimination
Try a quiz on market structures
Check your knowledge
Production possibilities
Read more on natural monopolies as market structures.
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