Year 12 Micro: Markets and Business Behaviour

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The Basic Economic Problem + Scarcity
Production Possibility Frontiers (PPFs)
Specialisation + Division of Labour
Economic Systems
Positive and Normative Statements
Demand
Supply
Market Equilibrium
Elasticities
Indirect Taxes + Subsidies
Behavioural Econ/Alternative Views of Consumer Behaviour
Labour Markets
Trade Unions + Labour Immobility
Intro to Market Failure
Externalities
Public Goods
Imperfect Information
Market Failure in the Financial Sector