Here's a look at the content we'll cover this year:
Introduction- 1. The foundations of economics Section 1: Microeconomics- 2. Demand and Supply 3. Market equilibrium, the price mechanism, and market efficiency 4. Elasticities 5. Indirect taxes, subsidies, and price controls 6. Costs, revenues and profits 7. Perfect competition 8. Monopoly 9. Monopolistic competition 10. Oligopoly 11. Price discrimination 12. Market failure Section 2: Macroeconomics 13. The level of overall economic activity 14. Aggregate demand 15. Aggregate supply 16. Macroeconomic equilibrium 17. Low unemployment 18. A low stable rate of inflation 19. Economic growth 20. Equity in the distribution of income Ongoing Assessment-Micro IA |
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