Y2 - Economic Principles in a Global Era

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1. CHAPTER 1: THE PRINCIPLES AND PRACTICE OF ECONOMICS
2. 1.1 THREE BASIC PRINCIPLES OF ECONOMICS
3. 1.2 TERMINOLOGY
4. CHAPTER 2: ECONOMIC METHODS AND ECONOMIC QUESTIONS
5. 2.1 WHY ISN’T CORRELATION THE SAME THING AS CAUSALITY?
6. CHAPTER 3: OPTIMIZATION: DOING THE BEST YOU CAN
7. 3.1 OPTIMIZING IN DIFFERENCES: MARGINAL ANALYSIS
8. CHAPTER 4: DEMAND, SUPPLY AND EQUILIBRIUM
9. 4.1 MARKETS
10. 4.2 FROM INDIVIDUAL DEMAND CURVE TO AGGREGATED DEMAND CURVE
11. 4.3 SUPPLY
12. 4.4 TYPES OF GOODS
13. CHAPTER 5: CONSUMERS AND INCENTIVES
14. 5.1 BUYER’S PROBLEM
15. 5.2 ELASTICITIES
16. 5.3 PRICE ELASTICITY OF DEMAND (PED)
17. 5.4 CROSS-PRICE ELASTICITY OF DEMAND (XED)
18. 5.5 INCOME-ELASTICITY OF DEMAND (YED)
19. CHAPTER 6
20. 6.1 THE SELLER’S PROBLEM
21. 6.2 ECONOMIC PROFIT VS. ACCOUNTING PROFIT
22. CHAPTER 7: PERFECT COMPETITION & INVISIBLE HAND
23. 7.1 DISTINCTIVE FUNCTIONS OF EQUILIBRIUM PRICE
24. Chapter 8: Trade
25. 8.1 COMPARATIVE VS. ABSOLUTE ADVANTAGE
26. 8.2 EXPORT / IMPORT
27. 8.3 FREE TRADE / GLOBALIZATION
28. CHAPTER 9: EXTERNALITIES AND PUBLIC GOODS
29. 9.1 EXTERNALITIES
30. 9.2 MARGINAL SOCIAL COST CURVE

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