1. Key concepts: price elasticity of demand (railway tickets Mexico), habitual consumer behavior, supply and demand shifts, government taxation and smuggling effects, opportunity cost and resource allocation (PPF), minimum price controls, moral hazard in insurance, externalities in agriculture (pollination), income and cross elasticity calculations, market failure definition and causes, price inelasticity in housing supply, public goods classification (national parks).
2. Scientific keywords: financial markets, price elasticity, supply elasticity, indirect taxation, government failure, market failure, opportunity cost, minimum price, moral hazard, external benefits, income elasticity of demand, cross elasticity of demand, market bubble, supply inelasticity, public goods, microeconomic effects.
3. Indicators of content: multiple-choice questions on economics principles, diagram-based analysis (PPF, supply and demand), case studies from various countries (UK, Myanmar, Mexico, Tanzania, USA, New Zealand), calculations of elasticity, definitions and application of economic concepts.
4. Practical terms: insurance pricing and loyalty, government policy impacts on markets, taxation revenue loss, housing market inflation, price controls, health insurance moral hazard, agricultural externalities, vehicle sales and income relation, consumer response to price changes.
omer uner
Classification: Unit 1
Page count: 32
Viewed: 31
Last update: 4 months ago
Crash report