Econ1

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  • Created by: Yashee97
  • Created on: 11-03-15 17:49
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  • Economics ; Unit 1 .
    • The   Economic  Problem
      • The Nature and Purpose of Economic Activity
      • Economic Resources
      • The Economic Objectives of Individuals, Firms and Governments
      • Scarcity, Choice and the Allocation of Resources
      • Production Possibility Diagram
      • Value Judgements, Positive and Normative Statements
    • The All-ocation of  Resources  in  Competitive Markets
      • The Determinant of the Demand for Goods and Services
      • Price, Income and Cross Elasticities of Demand
      • The Determinant of the Supply of Goods and Services
      • Price Elasticity of Supply
      • The Determinatio of Equilibrium Market Prices
      • Applications of Demand and Supply Analysis to Particular Markets
      • The Inter-relationship Between Markets
      • How Markets and Prices Allocate Resources
    • Production  and  Efficiency
      • Specialisa-tion, Division of Labour and Exchange
      • Production
      • Economies and Diseconomies of Scal
    • Market  Failure
      • The Meaning of Market Failure
      • Public Goods
      • Positive and Negative Externalities in Consumption and Production
      • Merit and Demerit Goods
      • Monopoly and the Allocation of Resources
      • Immobility of Factors of Production
      • Inequalities in the Distribution of Income and Wealth
    • Government Intervention in the Market
      • The Impact of Government Intervention on Market Outcomes
      • Government Failure
      • Methods of Government Intervention to Correct Distortions in Individual Markets
      • Rationale for Government Interventio
  • Government Intervention in the Market
    • The Impact of Government Intervention on Market Outcomes
    • Government Failure
    • Methods of Government Intervention to Correct Distortions in Individual Markets
    • Rationale for Government Interventio

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