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Complete Notes for Microeconomics ECON1101 - Mark = 88

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Structured in accordance with all the topics of Microeconomics , these notes are largely based from the lecture slides and course outline, extended with further detail and content from the textbook, and for the more complex theory, wider reading from a number of sources. The notes focus on being concise and easy to digest with regards to the simpler material, while becoming detailed and more explanatory as the course goes on, providing in depth graphical explanations. Received a final HD mark with these notes!

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20 Pages Complete Study Notes > 2 Years old
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Topics this document covers:
Economy Economics Demand Market Microeconomics Consumer theory Pricing Supply and demand Demand curve Supply Elasticity Tax incidence Discrete Model
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Economy Economics Demand Market Microeconomics Consumer theory Pricing Supply and demand Demand curve Supply Elasticity Tax incidence Discrete Model
Sample Text:
e. time) if inputs are used efficiently. Efficient Production Points: Here, more of one good can be produced only by producing less of the other. This lies along the PPC. Inefficient Production Points: Here, existing resources would allow for the production of more at least one good without sacrificing the production of another good. These lie below and to the left of the PPC. Attainable Points: any combination of goods that can be produced using currently available resources – these points are below or to the left of the PPC. Unattainable Points: any combination of goods that cannot be produced using currently available resources – these points lie above and to the right of the PPC. Absolute Advantage: An economy has an absolute advantage in a productive capacity when he/she can carry on this activity with less reso...
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