Document Details

Prelim Economic Notes

User Description:
Notes for topic 1 and 2 of prelim economics. The nature of economics and consumers and businesses.

Thinkswap Satisfaction Guarantee

Each document purchased on Thinkswap is covered by our Satisfaction Guarantee policy. If you are not satisfied with the quality of any document, or you believe the document was incorrectly described or categorised, Thinkswap will provide a full refund of exchange credits so you can check out another document. For more information please click here.

This student studied:
Claim a Thinkswap Bounty

Do you know if the Subject listed above has changed recently? Click report to earn free Exchange Credits!

Document Information:
19 Pages Partial Study Notes < 1 Year old
Share

1 Ex Credit


Document Screenshots:
Prelim Economic Notes
Topics this document covers:
Economy Economics Macroeconomics Production economics Circular flow of income Economic growth Profit Consumption Capital good Production Economic problem Tax
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

What are Exchange Credits:

Exchange Credits represent the worth of each document on Thinkswap. In exchange for uploading documents you will receive credits. These can then be used to checkout other documents on Thinkswap.

Topics this document covers:
Economy Economics Macroeconomics Production economics Circular flow of income Economic growth Profit Consumption Capital good Production Economic problem Tax
Sample Text:
1 The Economic Problem – Wants, Resources and Scarcity • Economics – the study of how to solve the ‘economic problem’ of allocating limited resources to unlimited wants • Economic Problem – satisfy unlimited wants with limited resources • Scarcity – a situation where resources are insufficient to satisfy all wants o Humans wants are unlimited but resources (factors of production) are limited (scarcity) o Dealing with scarcity ▪ Do without certain wants ▪ New discoveries, training, better machinery ▪ Produce more by better use of resources ▪ Trade • Wants – material desires of individuals that provide some pleasure when they are satisfied o They are unlimited – people always want more o They ch...
Similar Documents to Prelim Economic Notes

Full Detailed for Topic 1 Introduction to Economics and Topic 2 Consumer and Business

This student studied:
HSC - Year 11 - Economics

Full detailed syllabus notes for Topic 1 Introduction to Economics and Topic 2 Consumers and Business. Includes extensive notes for every single syllabus dot point. Received a band 6 using these notes in preliminary HSC.

5 Ex Credits

View Details

Preliminary Operations of Economy Notes

This student studied:
HSC - Year 11 - Economics

These are notes on the Preliminary HSC Economics course, focusing on Topic one, Operations of Economy.

1 Ex Credit

View Details

Complete two topic economics notes

This student studied:
HSC - Year 11 - Economics

Exam notes for preliminary economics for two whole topics, consumers and business and markets. They are fully completed notes for those two topics.

5 Ex Credits

View Details

Economics - The Nature of Economics Notes

This student studied:
HSC - Year 11 - Economics

Complete, detailed Nature of Economics Notes based on the HSC Prelim course (first 2 pages of syllabus)

1 Ex Credit

View Details