Subjects under University of Sydney
Document Details

ECON1001 Microeconomics Notes for Whole Semester 1 2017

User Description:
Document covers all important topics from textbook used for midsem and final exam.

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:
51 Pages Complete Study Notes < 1 Year old
Share

5 Ex Credits


Document Screenshots:
Topics this document covers:
Economics Economy Business economics Costs Market Demand Production economics Marginal cost Average cost Supply and demand Supply Cost curve
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.

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:
Economics Economy Business economics Costs Market Demand Production economics Marginal cost Average cost Supply and demand Supply Cost curve
Sample Text:
2 Scarcity and Opportunity Cost Scarcity means that individuals, firms and governments face trade-offs by choosing one goods will cause other to be forgone Opportunity cost is the value of the next best alternative forgone Opportunity cost involves explicit and implicit costs Explicit costs=Monetary cost Implicit cost=Opportunities forgone that do not have an explicit cost Sunk costs are not included in opportunity cost and include something that have been incurred and cannot be recovered e.g. time Exercise 1.3 Marginal Analysis Economic agents including individuals consider the additional benefit or cost of seeking more out of a good or service and is known as ...
Similar Documents to ECON1001 Microeconomics Notes for Whole Semester 1 2017

BUSS1040 - Notes

This student studied:
University of Sydney - BUSS1040 - Economics for Business Decision Making

Notes for BUSS1040 from the textbook which are extremely useful, summary of textbook.

5 Ex Credits

View Details

BUSS1040 Notes

This student studied:
University of Sydney - MKTG1001 - Marketing Principles

BUSS1040 notes - USYD Microeconomics (2016 second semester) Full course notes!!!

5 Ex Credits

View Details

Notes On Discussion/Essay Questions, Covering Several Topics

This student studied:
University of New South Wales - ECON1101 - Microeconomics 1

Notes On Discussion/Essay Questions, Covering Several Topics

2 Ex Credits

View Details

BUSS1040 Week 2 - Week 7 Study Notes

This student studied:
University of Sydney - BUSS1040 - Economics for Business Decision Making

This is a complete study notes for the first half semester. I got a mark of 94 in the mid-semester exam.

5 Ex Credits

View Details