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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
1.1 Competitive markets - questions
1.1 Competitive markets - simulations and activities
1.2 Elasticities
1.2 Elasticities - notes
Price elasticity of demand (PED)
PED values
Determinants of price elasticity
Calculating PED
Elasticity along a straight line demand curve
Elasticity and revenue
PED - primary vs manufactured
PED and taxation
Cross elasticity of demand
XED and business decisions
Income elasticity of demand
YED and business decisions
Price elasticity of supply
Possible PES values
PES - calculation
Determinants of PES
PES - primary vs manufactured
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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Possible PES values
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Price elasticity of supply values