Laura Bellini
Classification: Paper 1
Page count: 12
Viewed: 67
Last update: 5 months ago
Crash report
Economics 2281/12 Oct Nov 2024
1. Basic Economic Concepts & Opportunity Cost | Scarcity & PPC Analysis – Understanding fundamental economic problems, opportunity cost, and production possibility curves.
2. Market Forces & Price Mechanisms | Demand & Supply Changes – Analyzing price elasticity, equilibrium shifts, and the effects of external factors on market prices.
3. Government Intervention & Market Failures | Externalities & Price Controls – Identifying public goods, taxation policies, and the role of subsidies in correcting market inefficiencies.
4. Labour Markets & Wage Determination | Supply, Demand, & Trade Unions – Understanding wage differences, employment shifts, and factors influencing labour mobility.
5. Production & Costs | Economies of Scale & Cost Structures – Analyzing firm efficiency, internal and external economies, and production methods.
6. Macroeconomic Objectives & Policies | Economic Growth & Inflation – Evaluating fiscal, monetary, and supply-side policies in achieving macroeconomic stability.
7. International Trade & Exchange Rates | Specialization & Protectionism – Understanding comparative advantage, currency fluctuations, and trade policies.
8. Balance of Payments & Trade Deficits | Exchange Rate Systems & Globalization – Analyzing trade imbalances, capital flows, and the role of international organizations.
2. Market Forces & Price Mechanisms | Demand & Supply Changes – Analyzing price elasticity, equilibrium shifts, and the effects of external factors on market prices.
3. Government Intervention & Market Failures | Externalities & Price Controls – Identifying public goods, taxation policies, and the role of subsidies in correcting market inefficiencies.
4. Labour Markets & Wage Determination | Supply, Demand, & Trade Unions – Understanding wage differences, employment shifts, and factors influencing labour mobility.
5. Production & Costs | Economies of Scale & Cost Structures – Analyzing firm efficiency, internal and external economies, and production methods.
6. Macroeconomic Objectives & Policies | Economic Growth & Inflation – Evaluating fiscal, monetary, and supply-side policies in achieving macroeconomic stability.
7. International Trade & Exchange Rates | Specialization & Protectionism – Understanding comparative advantage, currency fluctuations, and trade policies.
8. Balance of Payments & Trade Deficits | Exchange Rate Systems & Globalization – Analyzing trade imbalances, capital flows, and the role of international organizations.