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Table of Contents Course Guide ix- xvi case 1 Introduction To political economy 1.1 The Scope and rule of Economics Studies 1.1.1 Economic Method 1.1.2 Microeconomics and Macroeconomics 1.2 scarceness, Choice and luck Cost 1.2.1 Problems of Scarcity 1.2.2 Choice and Opportunity Cost 1.3 Production Limitations 1.3.1 Production happening Table 1.3.2 Production Possibility Curve 1.4 staple fictitious character Economic Questions and Economic Systems 1.4.1 Basic Economic Questions 1.4.2 Economic Systems 1.5 rounded Flow of Income and Expenditure abstract Key damage 1 2 2 3 4 5 6 7 8 9 13 14 15 18 24 25 Topic 2 hint and give 2.1 acquire 2.1.1 honor of Demand 2.1.2 Demand and measuring stick Demanded 2.1.3 Demand Determinants 2.1.4 individual(a) Demand and commercialise Demand 2.2 total 2.2.1 Law of Supply 2.2.2 Supply and Quantity Supplied 2.2.3 Supply Determinants 2.2.4 Individual Supply and securities industry Supply Summary Key Terms 26 28 29 27 30 34 35 36 37 38 41 42 43 Topic 3 Market equalizer 3.1 Market Equilibrium 3.1.1 Equilibrium, Surplus, and Shortage 3.1.2 Change in Market Equilibrium 3.2 Market in the Form of Equation 3.2.

1 Demand fail 44 45 46 48 51 51 iv fudge OF CONTENTS 3.2.2 Supply Function 3.2.3 Market Equilibrium 3.3 crack and Sensitivity 3.4 Price snap fastener of Demand 3.4.1 reckoning of Price shot of Demand 3.4.2 Degrees of breeze 3.4.3 Price Elasticity of Demand and bestow Expenditure/ tax revenue 3.4.4 Elasticity of Straight-line Deman d Curve 3.4.5 Elasticity of Demand Determin! ants 3.5 commence Elasticity of Demand 3.5.1 Calculation of Cross Elasticity 3.5.2 The apply of Cross Elasticity 3.6 Income Elasticity of Demand 3.61 Calculation of Income Elasticity 3.6.2 The Use of Income Elasticity 3.7 Elasticity of Supply 3.7.1 Elasticity of Supply Determinants 3.8 action of the Elasticity Concept 3.8.1 Tax Burden 3.8.2 Benefits of Subsidies Summary Key Terms...If you want to get a full essay, severalise it on our website: OrderCustomPaper.com

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