- 1.1 Competitive markets: Demand and supply
- Markets
- Demand
- Supply
- Markt equilibrium
- The role of the price mechanism
- Market efficiency
- 1.2 Elasticity
- Price elasticity of demand (PED)
- Cross price elasticity of demand (XED)
- Income elasticity of demand (YED)
- Price elasticity of supply (PES)
- 1.3 Government intervention
- Indirect taxes
- Subsidies
- Price controls
- 1.4 Market failure
- The meaning of market failure
- Types of market failure
- 2.6 Supply-side policies
- Evaluation of supply-side policies
Section 1: Microeconomics
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