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Microeconomics
Complete Microeconomics revision guide constructed by an A* level student studying at the London School of Economics covering the topics of Market Failure and Price Discrimination in Competitive Markets
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Microeconomics: Price determination in competitive markets
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Demand (types of demand, demand curve - factors that cause movements along and shifts of the demand curve) Supply (law of supply, supply curve - factors that cause movements along and shifts of the supply curve) Equilibrium (excess supply, excess demand, shifts in demand and supply) Price elastic...
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Add to cartDemand (types of demand, demand curve - factors that cause movements along and shifts of the demand curve) Supply (law of supply, supply curve - factors that cause movements along and shifts of the supply curve) Equilibrium (excess supply, excess demand, shifts in demand and supply) Price elastic...
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Microeconomics: Market Failure
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Positive + negative externalities Merit + demerit goods Public + private goods (quasi-public goods) Tragedy of the commons Government failure Government intervention (indirect taxation, subsidies, regulation, state provision, pollution permits, minimum prices, maximum prices) Environmental + ...
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Preview 3 out of 17 pages
Add to cartPositive + negative externalities Merit + demerit goods Public + private goods (quasi-public goods) Tragedy of the commons Government failure Government intervention (indirect taxation, subsidies, regulation, state provision, pollution permits, minimum prices, maximum prices) Environmental + ...
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