Microeconomics

Markets and demand

One of the first topics that we look at in the Microeconomics section of the syllabus is markets and how they function. …

The final topic of the HL Theory of the Firm section is Price discrimination. This is where the producer charges different consumers …

Game theory is an area of Economics that is increasingly used to explain many situations where strategic thinking and action is involved. …

We have already looked at one aspect of demand-side policy, fiscal policy, and it is important that we also understand the other …

One area of Microeconomics that we refer to throughout the course is the concept of elasticity. It is important to understand the …

During our studies of market structures we have come across oligopolies. We have found that in this form of structure there can …

The issue of tradable permits, or cap-and-trade schemes is a important one at the moment, and it is a relevant solution to …

In the higher level course, it is important to understand that barriers to entry are an important source of monopoly power and …

At the moment in Malawi they are arguing about whether or ‘passing wind’ should be banned. Some of those in the government …

In Economics there are many terms which you need to learn, understand and be able to define. In our classroom there are …