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25 items

Price Elasticity of Demand (PED)

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In this section, we use numerical examples to show the different degrees of PED as well as the interpretation of the PED figures. We also look at the different factors which affect PED.

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  • Class notes
  •  • 27 pages • 
  • by dhondoog • 
  • uploaded  23-04-2024
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Price Elasticity of Supply (PES)

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In this section we look at how we calculate PES, using numerical examples as well as the interpretation of the PES figure. We also look at the different degrees of elasticity. Furthermore, we look at the factors which affect the PES.

i x
  • Class notes
  •  • 24 pages • 
  • by dhondoog • 
  • uploaded  23-04-2024
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Market Economic System

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In this section, we look at the market economy as well as its advantages and disadvantages.

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  • Class notes
  •  • 7 pages • 
  • by dhondoog • 
  • uploaded  23-04-2024
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Market Failure

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In this section, we look at market failure and the main causes of such market failure.

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  • Class notes
  •  • 8 pages • 
  • by dhondoog • 
  • uploaded  23-04-2024
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Mixed Economy and how government intervenes to correct market failure

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In this section, we look at the mixed economic system. Also, we consider the ways how a government intervenes in view of addressing market failures.

i x
  • Class notes
  •  • 9 pages • 
  • by dhondoog • 
  • uploaded  23-04-2024
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O Level CIE Economics : Unit 2- The allocation of resources

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In this Unit 2 from the O Level CIE Economics, we consider topics like Demand, Supply, Equilibrium conditions, Economics systems, PED, PES and market failures,

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  • Package deal
  •  • 9 items • 
  • by dhondoog • 
  • uploaded  14-04-2024
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Demand

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In this section, we look at Demand and the negative relationship that exists between price and quantity demanded, illustrated on a demand curve. We also differentiate between a movement along the demand curve and a shift in the demand curve. Finally we look at the factors which shift the demand curve.

i x
  •  Package deal
  • Class notes
  •  • 11 pages • 
  • by dhondoog • 
  • uploaded  14-04-2024
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Supply

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In this section, we look at Supply and the positive relationship that exists between price and quantity supplied. We also differentiate between a movement along the supply curve and a shift in the supply curve. Finally we look at the factors which shift the supply curve.

i x
  •  Package deal
  • Class notes
  •  • 11 pages • 
  • by dhondoog • 
  • uploaded  14-04-2024
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Equilibrium price and quantity

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In this section, we look at Equilibrium as well as Disequilibrium positions. We also explain how the disequilibrium positions fade as market forces operate. Furthermore, we consider changes in demand and supply which affect equilibrium positions.

i x
  •  Package deal
  • Class notes
  •  • 6 pages • 
  • by dhondoog • 
  • uploaded  14-04-2024
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