Semester 1, 2016

ECON1101 Microeconomics Full Notes

23 pages

7,388 words



Notes from lectures one to twelve, includes graphs from the textbook.

Very detailed and include own work.

Topics covered:
- opportunity cost and comparative advantage
- perfect competitive markets (main topics include: supply curve, demand curve, price elasticity, market equilibrium, price ceiling, price floor, exports and imports)
- imperfectly competitive markets (main topics include: monopoly, government regulation, market power, cartel games, coordination game, externalities and public goods)