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Microeconomics
Table of Contents
Topic pack - Microeconomics - introduction
1.1 Competitive Markets: Demand and Supply
1.1 Competitive Markets: Demand and Supply - notes
The nature of markets
Types of markets
Market structure
Spectrum of competition
Demand
The law of demand
Individual and market demand
Non-price determinants of demand
Movements along the demand curve
Shifts in the demand curve
Example - shifts and movements along a demand curve
Exceptions to the normal law of demand
Linear demand functions
Linear demand functions - example
The law of supply
Non-price determinants of supply
Movements along the supply curve
Shifts in the supply curve
Shifts and moves of supply curve
The real supply curve?
Linear supply functions
Linear supply functions - example
Market equilibrium
Market equilibrium - notes
Excess demand and excess supply
Example 1 - the market for DVD players
Example 2 - the market for fish
Applications of demand and supply
Calculating market equilibrium
Calculating equilibrium - example
Scarcity and choice
Choice and opportunity cost
Price signalling
Market efficiency - consumer surplus
Market efficiency - producer surplus
Allocative efficiency
1.1 Competitive markets - questions
1.1 Competitive markets - simulations and activities
1.2 Elasticities
1.2 Elasticities - notes
Section 1.2 Elasticities - questions
Section 1.2 Elasticities - simulations and activities
1.3 Government intervention
1.3 Government Intervention - notes
1.3 Government intervention - questions
1.3 Government intervention - simulations and activities
1.4 Market failure
1.4 Market failure - notes
Section 1.4 Market failure - questions
Section 1.4 Market failure - simulations and activities
1.5 Theory of the firm
1.5 Theory of the firm - notes (HL only)
Section 1.5 Theory of the firm - questions
Section 1.5 Theory of the firm - simulations and activities
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Scarcity and choice
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Scarcity and choice