Microeconomic markets methods and models

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Microeconomic markets methods and models

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  • Part One: The Building Blocks

    • Introduction to key ideas

      • What's it all about?

      • Understanding through the use of models

      • Opportunity cost and the market

      • A model of exchange and specialization

      • Economy-wide production possibilities

      • Aggregate output, growth and business cycles

      • Theories, models and data

        • Observations, theories and models

        • Variables, data and index numbers

        • Testing economic models & analysis

        • Diagrams and economic analysis

        • Ethics, efficiency and beliefs

        • The classical marketplace – demand and supply

          • Trading

          • The market's building blocks

          • Demand and supply curves

          • Other influences on demand

          • Other influences on supply

          • Simultaneous supply and demand impacts

          • Market interventions

          • Individual and market functions

          • Part Two: Responsiveness and the Value of Markets

            • Measures of response: elasticities

              • Price responsiveness of demand

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