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Economics - H460

10个单元

Introduction to Microeconomics

The economic problem
The allocation of resources
Opportunity cost

The role of markets

Specialisation and trade
Demand
Supply
Consumer and producer surplus
The interaction of markets
Elasticity
The concept of the margin
Market failure and externalities
Information failure
Public goods
Government intervention

Business Objectives

Business objectives
Costs and economies of scale
Revenue and profit

Market structures

Perfect competition
Monopoly
Monopolistic competition
Oligopoly
Contestable markets

The labour market

Demand for labour
Supply of labour
The interaction of labour markets

Aggregate demand and aggregate supply

Circular flow of income
Aggregate demand
Aggregate supply
The interaction of aggregate demand and supply
The multiplier and the accelerator

Economic policy objectives

Economic growth
Development
Employment
Inflation
Balance of payments
Trends in macroeconomic indicators
Income distribution and welfare
The Phillips Curve

Implementing policy

Fiscal policy
Monetary policy
Supply side policy
Policy conflicts

The global context

International trade
Exchange rates
Globalisation
Trade policies and negotiations

The financial sector

Money and interest rates
The financial sector
Financial regulation

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