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Summary ECONOMICS 110 (EKN 110) Chapters 1-11

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These notes serve to assist you in studying for Economics 110 (EKN 110) . These notes are summarized from Economics, 2nd Southern African Edition, by J. Janse van Rensburg, C.R. Mc Connel and S. L. Brue, Mc Graw EDUCATION. It includes summaries of Chapters 1-11 excluding Chapter 9, including class notes and examples. CHAPTER 1: Limits, Alternatives and Choices CHAPTER 2: The Market System and Circular Flow CHAPTER 3: Demand Supply and Market Equilibrium CHAPTER 4: Elasticity CHAPTER 5: Consumer Behaviour and Utility Maximization CHAPTER 6: The Cost of Production CHAPTER 7: Market Structures CHAPTER 8: Wage Determination CHAPTER 10: Money, Banking, Interest Rates and Monetary Policy CHAPTER 11: Money Creation Final Semester Mark: 81%

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