Comprehensive notes for BUSS1040!

Description

Includes content from all 13 weeks; a clear explanation of all concepts of the course, methods on solving the math based questions and is accompanied by diagrams! The following topics are covered: - W1. Comparative Advantages; - W2. Production, costs and supply; - W3. Demand, Equilibrium, Welfare and Consumer Behaviour (Elasticity); - W4. Elasticity (Continued) and Perfectly Competitive Markets; - W5: Pricing with Market Power, Monopoly, Game Theory and Oligopoly; - W6. Price Discrimination and Monopolistic Competition; - W7. Strategic Behaviour - Strategic Interaction, Coordination Game, Repeated Prisoner's Dilemma; - W8. Strategic behaviour - sequential games, first and second mover advantage; - W9. Market intervention - price regulation, tax and subsidies; - W10. Externalities and Public Goods; - W11. GDP and the Business Cycles (MACRO); - W12. Labour Markets, Employment and Unemployment; - W13: Fiscal and Monetary Policy