Y1 - Microeconomics 1

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Summary

Week 1

Universiteit van Amsterdam · Economics and Business Economics

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Chapter 1: Preliminaries
1.1 The themes of microeconomics
1.2 What is a market?
1.3 Real versus nominal prices
Chapter 2: The Basics of Supply and Demand
2.1 Supply and demand
2.2 Market Mechanism
2.3 Changes in Market Equilibrium
2.4 Elasticities of Supply and Demand
2.5: Short-run vs. Long-Run elasticities
2.7 Effects of Government Intervention – Price Controls
Chapter 3: Consumer Behaviour
3.1: Consumer Preferences
3.2. Budget constraints
3.3. Consumer choice
3.4 Revealed preference
3.5. Marginal Utility and Consumer Choice
3.6 Cost-of-living indexes

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