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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
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)
Cost theory
Calculating costs
Short-run
Long-run
Internal economies of scale
External economies of scale
Diseconomies of scale
Long run cost curves
The very long run
Revenues
Revenues - notes
Profit
Profit - notes
Combining revenue and cost curves
Profit maximisation - price taker
Profit maximisation - price setter
Alternative aims of firms
Profit, sales and revenue maximisation
Perfect competition
Perfect competition - notes
Short-run to long-run - profits
Short-run to long-run - losses
Shut down price, break-even price
Efficient allocation of resources
Monopoly and oligopoly
Monopoly and oligopoly - introduction
Growth and power
The model of monopoly
Monopoly - profit maximisation
Monopoly equilibrium
Monopoly v. perfect competition
Economic efficiency in perfect competition
Economic efficiency in perfect competition and monopoly
Efficiency and market structure
Monopolistic competition
Monopolistic competition - notes
Monopolistic competition in the short-run
Monopolistic competition in the long run
Oligopoly
Oligopoly - notes
Advertising and branding
Product innovation
Theories of oligopoly - non-collusive
The kinked demand curve theory
Kinked demand curve - change in cost
Cut-price competition (predatory pricing)
Theories of oligopoly - collusive
Forms of collusion
Price discrimination
Equilibrium of the discriminating monopolist
Section 1.5 Theory of the firm - questions
Section 1.5 Theory of the firm - simulations and activities
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Internal economies of scale
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Internal economies of scale