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Economics for Business Notes

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Tutorial 0: Introduction to the subject Lecture 1 - Demand and Supply Lecture 2 - Equilibrium; Elasticity Lecture 3 - Government Policies Lecture 4 - Efficiency of Markets; The cost of Taxation Lecture 5 - Externalities Lecture 6 - Macroeconomics; Macro Variables: GDP and Price Indices Lecture 7 - Macroeconomic Problems; Unemployment; Inflation Lecture 8 - Macroeconomic Analysis; Aggregate Demand and Supply; Fiscal Policy Lecture 9 - Monetary System; Money Market; Monetary Policy Tutorial 10: Problems on External Sector; Balance of Payments; Exchange Rates

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102 Pages Complete Study Notes > 2 Years old
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Topics this document covers:
Economy Economics Demand Market Consumer theory Economics laws Supply and demand Economic equilibrium Supply Market clearing Excess supply Monopoly
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 Consumer theory Economics laws Supply and demand Economic equilibrium Supply Market clearing Excess supply Monopoly
Sample Text:
­ Like a household, a society faces many decisions. A society must decide what jobs will be done and who will do them. It needs some people to grow food, other people to make clothing and still others to design computer software. Once society has allocated people (as well as land, buildings and machines) to various jobs, it must also allocate the output of the goods and services that they produce. It must decide who will eat caviar and who will eat potatoes. It must decide who will drive a Porsche and who will take the bus. INTRODUCTION TO ECONOMICS ­ The management of society's resources is important because​ resources are scarce​. ​Scarcity ​means that society has​ limited resources and therefore cannot produce all the goods and services people wish to have​. ­ THE ECONOMIC PROBLEM: how a society can satisfy th...
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