Roadmap
01 Microeconomics
Introduction to microeconomics
1.1 - The economic problem
1.2 - Resource allocation and incentives
1.3 - Opportunity cost and production possibilities
The role of markets
2.1 - Specialisation and exchange
2.2 - Demand and related goods
2.3 - Supply and related production
2.5 - Market equilibrium and connected markets
2.4 - Consumer and producer surplus
2.6 - Price elasticity of demand and revenue
2.6 - Income and cross elasticity of demand
2.6 - Price elasticity of supply
2.7 - Marginal decisions and utility
2.8 - Externalities and welfare
2.9 - Information failure and merit goods
2.10 - Public goods and free riders
2.11 - Taxes, subsidies and price controls
2.11 - Regulation, permits and public provision
2.11 - Government failure and policy choice
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Business objectives
3.1 - Business objectives and agency
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3.2 - Short-run costs and diminishing returns
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3.2 - Economies of scale and efficient size
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3.3 - Revenue, profit and marginal choices
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Market structures
4.1 - Perfect competition in the short and long run
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4.2 - Monopoly, output and efficiency
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4.2 - Price discrimination and natural monopoly
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4.3 - Monopolistic competition
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4.4 - Oligopoly and strategic rivalry
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4.5 - Contestability and competitive pressure
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The labour market
5.1 - Labour demand and productivity
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5.2 - Labour supply, rent and transfer earnings
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5.3 - Wage determination and labour mobility
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5.3 - Monopsony, unions and bargaining
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02 Macroeconomics
Aggregate demand and aggregate supply
1.1 - Circular flow and national income
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1.2 - Aggregate demand and consumption
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1.3 - Short-run and long-run aggregate supply
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1.4 - Macroeconomic equilibrium and shocks
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1.5 - The multiplier and accelerator
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1.5 - Output gaps and economic fluctuations
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Economic policy objectives
2.1 - Measuring growth and living standards
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2.1 - Growth, capacity and the economic cycle
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2.2 - Development and sustainability
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2.3 - Employment and unemployment
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2.4 - Inflation, price indices and real values
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2.5 - The balance of payments
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2.6 - UK performance in a changing world
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2.7 - Income, wealth, poverty and inequality
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2.8 - The Phillips curve and policy expectations
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Implementing policy
3.1 - Taxation and the government budget
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3.1 - Fiscal transmission and public debt
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3.2 - Monetary policy and transmission
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3.3 - Supply-side policy and productive capacity
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3.4 - Policy conflicts and economic trade-offs
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The global context
4.1 - International trade and changing patterns
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4.2 - Exchange rates and currency systems
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4.3 - Comparative advantage and trading gains
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4.3 - Globalisation and international competitiveness
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4.4 - Protectionism, tariffs and quotas
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4.4 - Economic integration and trade negotiations
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The financial sector
5.1 - Money, liquidity and interest rates
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5.2 - Finance, saving and development
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5.2 - Harrod-Domar, microfinance and development
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5.3 - Financial regulation and global institutions
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03 Themes in economics
Evidence and economic connections
H460/03 - Evidence in unseen economies
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H460/03 - Work, productivity and living standards
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H460/03 - Competition, trade and industrial change
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H460/03 - Climate, resources and economic policy
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H460/03 - Inflation, shocks and distribution
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H460/03 - Finance, development and instability
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