Microeconomic Diagrams
Diagrams for production possibility frontier (PPF, PPC)
Diagrams for demand curve
Diagrams for price elasticity of demand (PED)
Diagrams for price elasticity of supply (PES)
Diagrams for equilibrium price and quantity
Diagrams for consumer surplus and producer surplus
Diagrams for market failure: externalities
Diagrams for indirect tax
Diagrams for subsidy
Diagrams for maximum price and minimum price
Diagrams for state provision (government direct provision)
Introductory concepts
The nature of economics
Positive and normative economics
Scarcity
Production possibility frontiers
Specialisation, the division of labour and the role of money
Free market and mixed economies
Introductory Concepts – Exercises
Introductory Concepts – Exercise 1
Introductroy Concepts – Exercise 2
Introductory Concepts – Exercise 3
Introductory Concepts – Exercise 4
Consumer / Buyer behaviour and demand
Rational decision making
The demand curve
Price, income and cross elasticities of demand
Consumer / Buyer behaviour and demand – Exercises
Consumer / Buyer behaviour and demand – Exercise 1
Consumer / Buyer behaviour and demand – Exercise 2
Consumer / Buyer behaviour and demand – Exercise 3
Supply
The supply curve
Price elasticity of supply
Price determination
Determination of market equilibrium
Consumer and producer surplus
Functions of the price mechanism
Indirect taxes and subsidies
Price Determination – Exercises
Price determination, Elasticities – Exercise 1
Price Determination, Elasticity – Exercise 2
Market failure
Sources of market failure
Positive and negative externalities
Non-provision of public goods
Imperfect market information
Moral hazard
Speculation and market bubbles
Textbook: Moral hazard, Market Bubbles
Market Failure – Exercises
Market Failure – Exercise 1
Market Failures – Exercise 2
Government interventions
Methods of government intervention
Government failure
Essay Analysis
Market Failure, Government Intervention
