Concise notes covering lecture 1 to lecture 12 of Microeconomic Principles (ECON111) unit. Graphs and diagrams are included where necessary. Some of the covered topics are:
- Capitalist Revolution
- Scarcity, Work and Choice
- Property and Power: Mutual Gains and Conflict
- The Firm: Owners, Managers and Employees
- The Firm and its Customers
- Supply and Demand: Price-Taking and Competitive Markets
- Changes in Supply and Demand
- Rent-Seeking, Price-Setting and Market Dynamics
- Markets, Efficiency and Public Policy
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