ECON1010 - Introduction to Microeconomics Notes

Description

These notes were produced after having microeconomics in years 11 and 12, as well as in uni. They cover the relevant concepts in depth, allowing for easy application to this course assignment. These notes cover; 1. Scarcity and Opportunity Cost 2. Demand and Supply 3. Elasticity 4. Quest for Profit 5. Game Theory 6. Perfectly Competitive Market of Supply 7. Imperfect Competition 8. Market Failure - Externalities and Property Rights 9. Market Failure - Public Goods 10. Market Failure - Economics of Information