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Page 1

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Economics micro:
What I need to know and have notes on: done
Economic problem
Factors of production
Choice, exchange and specialisation
Production possibility curve
Opportunity cost
Demand and it's determinates
Consumer surplus
Supply and it's determinates
Producer surplus
Market equilibrium
Elasticity's
Price elasticity of demand
Income elasticity of demand
Cross…

Page 2

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Economics Macro:
What I need to know and have notes on:
Aggregate demand and influences (AD= C+I+G+[X-M] )
Consumer expenditure
Investment
Government spending
Exports ­ imports




Aggregate supply and influences and what it effects
Output
Price level
employment




The circular flow of income
Injections
Leakages


Government policies
Fiscal
Monetary
Supply…

Page 3

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Balance of payments




Roles of government
Allocative
Distributional
Regulatory
Stabilising




Inflation
Causes
Consequences
cures
GDP
International trade
Protectionism
Quota
Embargo
Subsidies
Exchange controls
consequences




Unemployment
How measured
Types
Good/bad?




Taxes
Progressive
Regressive
Proportional

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