Micro Topics

1.1 Scarcity Activity 1.1

1.2 Economic Systems Activity 1.2

1.3 Production Possibilities Activity 1.3

1.4 Comparative Advantage & Trade Activity 1.4

1.5 Cost-Benefit Analysis Activity 1.5

1.6 Marginal Analysis Activity 1.6

UNIT 1 Key Graph: PPC

2.1 Demand Activity 2.1 KEY GRAPH: Demand vs Quantity Demanded

2.2 Supply Activity 2.2 KEY GRAPH: Supply vs Quantity Supplied

2.3 Price Elasticity of Demand Activity 2.3

2.4  & 2.5 Other Elasticities Activity 2.4 & 2.5

2.6A & 2.7 Market Equilibrium Activity 2.6A & 2.7 KEY GRAPH: Market Equilibrium

2.6B & 2.8A Surplus & Deadweight Loss Activity 2.6B & 2.8A KEY GRAPH: Surplus & Government Controls

2.8B Government Intervention Activity 2.8B

2.9 International Trade Activity 2.9

UNIT 2 KEY GRAPH: D

3.1 Production Function Activity 3.1

3.2 Short-Run Cost Curves Activity 3.2 KEY GRAPH: Short-Run Cost Curves

3.3 Long-Run Cost Curves Activity 3.3 

3.4 & 3.5 Profit Activity 3.4 & 3.5

3.6 Firm Decisions Activity 3.6

3.7A Short-Run Perfect Competition Activity 3.7A KEY GRAPH: Perfect Competition

3.7B Long-Run Perfect Competition Activity 3.7B

4.1 Intro to Perfect Competition Activity 4.1

4.2 & 4.3 Monopoly Activity 4.2 & 4.3 KEY GRAPH: Monopoly & Monopolistic Competition 

4.4 Monopolistic Competition Activity 4.4

4.5 Oligopoly Activity 4.5

5.1 & 5.2  Factor Markets Activity 5.1 & 5.2

5.3 Perfect Competitive Factor Market Activity 5.3 KEY GRAPH: PC Factor Market

5.4 Monopsony Activity 5.4

6.1 Social Inefficiency Activity 6.1

6.2 Externalities Activity 6.2 KEY GRAPH: Externalities

6.3 Public & Private Goods Activity 6.3

6.4 Government Intervention Activity 6.4

6.5 Inequality Activity 6.5