content list for economics

 

Macroeconomic notes

Microeconomics notes

AS

·         Price elasticity of demand

·         Cross elasticity of demand

·         Income elasticity of demand

·         Price elasticity of supply

·         Positive externalities – benefit to a third party.

·         Negative externalities – cost imposed on a third party.

·         Merit goods – People underestimate benefit of good, e.g. education

·         Demerit goods – People underestimate costs of good, e.g. smoking

·         Public Goods – Goods which are non-rival and non-excludable

A-level Microeconomics

·         Labour Market Imperfections

·         Monopsony

·         Monopoly

·         Monopolistic competition

·         Oligopoly

·         Perfect competition

·         Competition policy

·         Contestable markets

 

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