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Micro economics
MARKET THEORY
The nature of economics
The economic problem
Positive & normative statements
Economic systems
Specialisation
Rationality
Demand curves
Supply curves
Market equilibrium
Shifts in demand
Shifts in supply
Indifference curves
PPFs
What are PPFs?
Non-linearity
Efficiency
Unemployment
WELFARE ANALYSIS
Consumer surplus
Producer surplus
Equilibrium & welfare
ELASTICITY-1
Price elasticity of demand
PED & gradients
PED & the range of values
Unitary PED
ELASTICITY-2
Price elasticity of supply
Income elasticity of demand
Cross elasticity of demand
MARKET FAILURES
Information failure
Public goods
Merit goods
Demerit goods
Negative externalities
Positive externalities
Unstable prices
INTERVENTION
Maximum prices
Minimum prices
Buffer stocks
Guaranteed prices
Tax incidence
Subsidies
Carbon taxes
Carbon permits
Nationalisation
Privatisation
Regulation
Government failure
Moral hazard
Business economics
COMPETITIVE FIRMS
Business objectives
Cost, revenue, and profits
Market structures
Perfect competition
Monopolistic competition
GROWTH OF FIRMS
Types of growth
Economies and diseconomies
Demergers
Survival of small firms
MONOPOLY
Monopoly
Natural monopoly
Monopoly and welfare
Price discrimination
OLIGOPOLY
Oligopoly
Game theory
Cost-plus pricing
CONTESTABILITY
Contestable market theory
INTERVENTION
Regulation
Privatisation
Nationalisation
LABOUR MARKETS
Labour markets
Wage determination
Economic rent & transfer earnings
Wage inequality
Monopsony
Minimum wage
Macro economics
AD-AS FRAMEWORK
Circular flow of income
Aggregate demand
Aggregate supply
Aggregate expenditure model
Deriving aggregate demand
Long-run aggregate supply
Equilibrium national income
Growth and recession
The cross diagram
Marginal propensities
Investment multiplier
The accelerator
The Business Cycle
Supercycles
UNEMPLOYMENT
Classical unemployment
Demand deficient unemployment
Structural unemployment
The Beveridge curve
Frictional unemployment
OUTPUT GAPS
Positive output gap
Negative output gap
INFLATION
Measuring inflation
Demand pull inflation
Cost push inflation
Deflation
MACRO POLICY
Macroeconomic policy
Taxation
Fiscal policy
Monetary policy
Role of Central Banks
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
Development
Comparative advantage
Tariffs
Customs unions
Trade agreements
Brexit agreement
Trade diversion
Net exports
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
Monopolistic 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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