- PART 1 Introduction to economics 1
- H1: What is economics 1
- PART 2 The theorie of competitive markets 4
- H3: The market forces of supply and demand (1/2) 4
- H3: The market forces of supply and demand (2/2) 10
- H4: Background to demand: Consumer choiches 17
- H5: Background to supply: Firms in competitive markets 24
- H6: Consumers, producers and the efficiency of markets 30
- PART 3 Interventions in markets 32
- H8: Public goods, common resources and merit goods 32
- H9: Market failure and externalities 35
- PART 4 Firm behaviour and market structures 40
- H10: Firms’ production decisions 40
- H11: Market structures l: Monopoly 42
- H12: Market structures ll: Monopolistic competition 47
- H13: Market structures lll: Oligopoly 50
- PART 7 Trade 54
- H17: Interdependence and the gains from trade 54
,1 What is economics?
The economy and economics systems
,How people make decisions
,
,3 The market forces of supply and demand
The assumption of the competitive market model
Demand
,
, Supply