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