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Summary FIRST YEAR ECONOMICS 114 NOTES, Stellenbosch University (PART 1 OF 2)

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TOPICS COVERED: introduction; supply and demand; market equilibrium; elasticity; efficiency and equity; rent ceiling and price floors; tax incidence; utility and demand; endowment effect; consumer preferences, choices and income; substitution and income effects; production; markets and the competitive environment; output and costs;


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March 15, 2021
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5 year ago

The notes do not correlate with what is done this year for the first year economics, although the work is there and most terms are found, it is not in the same or even similar order making it a little difficult to use as supplementary notes




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