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FIRST YEAR Economics chapter summaries (full year)
This bundle includes summaries for both modules; Economics 114 and 144 and covers the whole years' work. I achieved cum laude (90%) for Economics with these notes :)
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Summary FIRST YEAR ECONOMICS 114 NOTES, Stellenbosch University (PART 1 OF 2)
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TOPICS COVERED: introduction; supply and demand; market equilibrium; elasticity; efficiency and equity; rent ceiling and price floors; tax incidence; utility and demand; endowment effect; consumer preferences, choices and income; substitution and income effects; production; markets and the competiti...
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Preview 4 out of 78 pages
Add to cartTOPICS COVERED: introduction; supply and demand; market equilibrium; elasticity; efficiency and equity; rent ceiling and price floors; tax incidence; utility and demand; endowment effect; consumer preferences, choices and income; substitution and income effects; production; markets and the competiti...
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Detailed summary for Economics 114 FIRST YEAR (PART 2 OF 2)
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TOPICS COVERED: perfect competition; output, price and profit in the short and long run; competition and efficiency; monopoly; monopolistic competition; oligopoly; public choices, goods; externalities; markets for factors of production; labour markets
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Add to cartTOPICS COVERED: perfect competition; output, price and profit in the short and long run; competition and efficiency; monopoly; monopolistic competition; oligopoly; public choices, goods; externalities; markets for factors of production; labour markets
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Economics 144 FIRST YEAR full chapter summary
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TOPICS COVERED: Unemployment; nominal vs real income; aggregate demand and supply; fiscal policies; monetary policies; international economics; globalisation; self-regulating economy; Keynesian model; money markets; trade restrictions;
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Preview 4 out of 60 pages
Add to cartTOPICS COVERED: Unemployment; nominal vs real income; aggregate demand and supply; fiscal policies; monetary policies; international economics; globalisation; self-regulating economy; Keynesian model; money markets; trade restrictions;
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