theperfectmaio.blogg.se - Econ- perfect competition supply shift and marginal cost

The structure of the market will influence the way in which firms behave: for instance their pricing and output decisions and how they compete with each other (eg advertising, branding). The others are imperfect, or monopolistic competition oligopoly monopoly. Perfect Competition is one of four possible ways in which a market is structured. Conflicts and Trade-Offs Between Objectives and Policies.Equilibrium Levels of Real National Output.The Benefits and Costs of Economic Growth.The Characteristics of Aggregate Demand.The UK Economy - Performance and Policies.

Positive and Normative Economic Statements.

Alternative Views of Consumer Behaviour.

Free Market Economies, Mixed Economy and Command Economy.

Price, Income & Cross Elasticities of Demand.

Specialisation and the Division of Labour.

Introduction to Markets and Market Failure.

Wage Determination in Competitive and Non-competitive Markets.

Business Behaviour and the Labour Market.

Factors Influencing Growth and Development.

Macroeconomic Policies in a Global Context.

Trading Blocs and the World Trade Organisation (WTO).

Strategies Influencing Growth and Development.