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Fundamentals of Economics + Labour Economics: Study Notes
Economics
17 Pages • Essays / Projects • Year: Pre-2021
Detailed study notes for BOTH year 11 and 12 Economics Exam or Essay - information from a full semester of work. *What this document includes*: FUNDAMENTALS OF ECONOMICS: Nature of Economics, types of Wants and Needs, Macro/Micro Economics, Factors of Production, The Economic Problem, Opportunity Cost, Production Possibility Curve/Frontier, Circular Flow Model, Demand and Supply, Equilibrium, Shortage and Surplus, Price Mechanism, Elasticity and Inelasticity, types of Markets. LABOUR ECONOMICS: Forms of Unemployment, Government intervention, Demand and Supply of Labour, Macro and Micro economics influences on the Demand and Supply of Labour and Glossary of Terms.
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