Directory

Micro

The Nature of Economics

Finite resources
The production possibility frontier
Specialisation
Economies
Positive and normative economics

Supply and Demand

Demand
Elasticity of demand
Supply
Price elasticity of supply
Price
An introduction to taxation
Subsidies
The labour market

Market Failure

Market Failure
Externalities
Public and private goods
Imperfect market knowledge
Labour immobility
Unstable commodity markets
Correction of market failure

Macro

Measurements of economic performance
Inflation
Employment and unemployment
Types and costs of unemployment
Current account of the balance of payments
Measures of development: the Human Development Index
Other measures of development
Income flows and wealth effects
Aggregate demand and supply
Economic growth
Macroeconomic objectives of governments
Conflicts between objectives
Policy instruments
Do macroeconomic policies conflict?

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