ECO2003 Microeconomics II

Detailed and understandable summary on Inequality. Packed with graphs and colourful hints. Contains: - How to calculate and the differences between wealth, earnings, market income and disposable income - World inequality theory - Intergenerational inequality - The inequality curve model, with all possible points explained and types of inequality aversion.

Detailed and understandable summary on Property and Power. Packed with graphs and colourful hints. Contains: - *Review on first year economics (production functions, MRS, MRT, indifference curves) - Pareto efficiency - Types of fairness - *Detailed breakdown of model of choice and conflict, with every scenario included - Lagrangian method of optimisation.

Detailed and understandable summary on Monopolies and Oligopolies. Packed with graphs and colourful hints. Contains: - Theory of monopolies - Formula of demand curve, marginal revenue and elasticity - The 5 types of price discrimination - All example types on maximising profit - Theory on oligopolies - Nfirm Ratio test - Herfindal Hirshman Index - Game theory incorporation - **Detailed worked examples Cournot, Stackelberg and Bertrand oligopoly models

Monopoly Notes Economics University of Cape Town 7 pages

A good summary, focusing on the key concepts from unit 5 of the ECO2003 course. It's easy to understand and ideal for test/exam preparation!