Semester 2, 2016

COMPLETE Microeconomics Notes

13 pages

5,049 words



These notes cover the 11 weeks of content covered in the subject in a summarized yet comprehensive way.

They include some textbook information and what explanations that the lecturer also provides.

The topics covered include:
- Total and Marginal Analysis
- Opportunity Cost
- Comparative Advantage
- Specialisation and Marginal Opportunity Cost
- Production Possibilities Frontier
- Economic Models
- Shifts in Demand/Supply
- Comparative Statistics
- Elasticity and Time
- Marginal Value Curve/Cost Curve
- International Trade
- Externalities
- Monopolies/Oligopolies