H1 ECON10004 Exam Notes

Description

Includes: -PDF friendly. Can be read from mobile devices -clear and concise definitions, broken into parts for easier understanding -Clear, readable fonts -Carefully drawn figures -color differentiated exam tips -tables that help improve memorization -different ways for you to tackle questions -space for you to jot down your own notes. -important formulas -some aesthetic sense to keep you alive through this subject. PERFECT FOR THOSE WHO HATE BIG BLOCKS OF TEXT These notes were made for those who find blocks of text difficult to read which are made easy through the use of proper sectioning and nice fonts. These notes helped me achieve a H1 in ECON10004 and were personally made by referring through lectures, tutorials and various textbooks in a more fun and refreshing manner. Please do not redistribute. Contents: 1. Introduction on Scarcity 2. Key Concepts and Scientific Methods 3. Demand and Supply 4. Elasticity and Applications 5. Marginal Benefit and Cost 6. Government Intervention 7. Welfare in Perfectly Competitive Markets 8. International Trade 9. Market Failure 1: Externalities 10. Market Failure 2: Public Goods 11. Theory of Firms 12. Firms in Short Run and Long Run 13. Cost and Revenue 14. Firms in Perfect Competition 15. Monopoly 16. Price Discrimination 17. Game Theory 18. Simultaneous Games 19. Sequential Games 20. Oligopoly