ECON1001: Microeconomics for Business Decisions

Description

These are the ECON1001 notes I used to obtain 99% in this subject. Microeconomics is very much a memory subject where if you can remember the content you will do well. These notes are taken from the lecture slides, tutorials, textbook, pass sessions and workshops and represent a complete guide to get you through the course. Topics covered: Nature and Method of Economics The Economising Problem Demand and Supply Allocation and the Market System Elasticity Market Structures Costs of Production Perfect Competition Pure Monopoly Monopolistic Competition Oligopoly Demand for Economic Resources Rent, Interest and Profits Market Failure and Resource Allocation