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Case Study – Beer or Cancer?
Solutions: Case Study – Beer or Cancer?
Introduction to Microeconomics
1.1 What Is Economics, and Why Is It Important?
Topic 1 Solutions
Topic 1 References
Topic 1 Multiple Choice Questions
1.2 Opportunity Costs & Sunk Costs
1.3 Marginal Analysis
Case Study – Brexit
Solutions: Case Study – Brexit
Topic 2 References
Topic 2 Multiple Choice Questions
2.2 Production Possibility Frontier
2.3 Trade
2.1 Economic Efficiency
Topic 2 Solutions
Introduction to Specialization & Trade
Case Study – The Housing Market
Solutions: Case Study – The Housing Market
Topic 3 References
Topic 3 Multiple Choice Questions
3.6 Equilibrium and Market Surplus
Topic 3 Solutions
3.5 Other Determinants of Supply
3.4 Building Supply and Producer Surplus
Introduction to Supply and Demand
3.1 The Competitive Market Model
3.2 Building Demand and Consumer Surplus
3.3 Other Determinants of Demand
4.1 Calculating Elasticity
4.3 Relative Elasticity
4.2 Elasticity and Revenue
Topic 4 Solutions
Solutions: Case Study – Automation in Fast Food
Case Study – Automation in Fast Food
Topic 4 Multiple Choice Questions
Topic 4 References
4.4 Introduction to Government Policy
4.7 Taxes and Subsidies
4.9 Tariffs
4.5 Price Controls
4.6 Quantity Controls
4.8 Elasticity and Policy
Maxwell Nicholson
Case Study – Sulpher Dioxide
5.3 Directly Targeting Pollution
Solutions: Case Study – Sulpher Dioxide
Topic 5 Solutions
5.2 Indirectly Correcting Externalities
Topic 5 References
5.1 Externalities
Introduction to Environmental Protection and Negative Externalities
Solutions: Case Study – The Liberal Gas Tax
Case Study – The Liberal Gas Tax
Topic 6 Solutions
Topic 6 References
6.3 Understanding Consumer Theory
6.4 Building Demand
Introduction to Consumer Choices
6.1 The Budget Line
6.2 The Indifference Curve
Case Study – Oil Markets
Solution: Case Study – Oil Markets
Topic 7 Solutions
Topic 7 References
7.4 The Structure of Costs in the Long Run
7.1 Building Producer Theory
7.3 Producer Theory in the Long Run
7.2 Understanding Producer Theory
Introduction to Cost and Industry Structure
Case Study – Diamond’s Demise
Solutions: Diamond’s Demise
Topic 8 References
Topic 8 Solutions
Introduction to Imperfect Competition
8.2 Fixing Monopoly
8.3 Why Monopolies Persist
8.4 Monopolistic Competition
8.1 Monopoly
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Principles of Microeconomics Copyright © 2017 by University of Victoria is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.