1. Micro Effects for essay · Price
questions · Quantity/ Quality
· Elasticity
· Demand/ Supply
· Costs of Production
· Consumer/ Producer Surplus
· Revenue/ Profit
· Government revenue/ cost
· Stakeholder impacts
· Market failures
· Government failure
· Competition/ Market Strucures
· Efficiency/ Productivity
· Wages/ Employment
· Equity/ Inequality
2. Macro Effects for essay · AD/ AS
questions · Growth/ Living Standards
· Unemployment
· Inflation/ Deflation
· Trade (Current Account)
· Income Inequality
· Government finances
· Multiplier
· International Competitiveness
· Exchange rate change
· Protectionist Measures
· Living Standards/ Poverty
3. What are the factors of land, labor, capital, entrepreneurship
production?
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