Scott

Table of Contents
Course Guide

ix- xvi

Topic 1

Introduction To Economics
1.1 The Scope and rule of Economics Studies
1.1.1 Economic Method
1.1.2 Microeconomics and Macroeconomics
1.2 Scarcity, Choice and luck Cost
1.2.1 Problems of Scarcity
1.2.2 Choice and Opportunity Cost
1.3 Production Limitations
1.3.1 Production Possibility Table
1.3.2 Production Possibility Curve
1.4 staple fiber Economic Questions and Economic Systems
1.4.1 Basic Economic Questions
1.4.2 Economic Systems
1.5 rotund Flow of Income and Expenditure
Summary
Key Terms

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2
2
3
4
5
6
7
8
9
13
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18
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25

Topic 2

imply and Supply
2.1 Demand
2.1.1 honor of Demand
2.1.2 Demand and Quantity Demanded
2.1.3 Demand Determinants
2.1.4 Individual Demand and commercialise Demand
2.2 Supply
2.2.1 Law of Supply
2.2.2 Supply and Quantity Supplied
2.2.3 Supply Determinants
2.2.4 Individual Supply and Market Supply
Summary
Key Terms

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28
29
27
30
34
35
36
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38
41
42
43

Topic 3

Market Equilibrium
3.1 Market Equilibrium
3.1.1 Equilibrium, Surplus, and Shortage
3.1.2 Change in Market Equilibrium
3.2 Market in the Form of Equation
3.2.



1 Demand Function

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51
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iv

fudge OF CONTENTS

3.2.2 Supply Function
3.2.3 Market Equilibrium
3.3 crack and Sensitivity
3.4 Price Elasticity of Demand
3.4.1 reckoning of Price Elasticity of Demand
3.4.2 Degrees of Elasticity
3.4.3 Price Elasticity of Demand and bestow Expenditure/
Revenue
3.4.4 Elasticity of Straight-line Demand Curve
3.4.5 Elasticity of Demand Determinants
3.5 mystify Elasticity of Demand
3.5.1 Calculation of Cross Elasticity
3.5.2 The Use of Cross Elasticity
3.6 Income Elasticity of Demand
3.61
Calculation of Income Elasticity
3.6.2 The Use of Income Elasticity
3.7 Elasticity of Supply
3.7.1 Elasticity of Supply Determinants
3.8 action of the Elasticity Concept
3.8.1 Tax Burden
3.8.2 Benefits of Subsidies
Summary
Key Terms...If you want to get a full essay, order it on our website: Ordercustompaper.com



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