These errors were noticed by students. Thanks for that! Do make the corrections in the notes.
Wrong - X-inefficiency is written LRAC/LRMC higher than they would likewise be (Pg 23.3.15). Correct - It should be SRAC/SRMC - basically a point above LRAC. Wrong - Pg 23.2.3. The last line before Table 1: when the AR curve is horizontal, TR rises at a constant rate as unit price increases - Correct - The last line before Table 1: when the AR curve is horizontal, TR rises at a constant rate as output increases -
2 Comments
Economics Mastermind 2016Check out the following slides on details about Economics Mastermind 2016 By right the core activities are supposed to be placed on the Learning Progress card but it was bad time management on our part that it was not ready beforehand. We will be using sticker papers to fill up the core activities. But in the mean-time, use this website to guide you on what core activities you should accomplish as you progress (Earn your progess stamp). Part 1 - Costs of Production
Part 2 - Profit Maximisation
Part 3a Perfect Competition and Monopoly1. Section A: Bee Questions - pg. 23.3.9, 23.3.16 2. Section B: DRQ N2004 The market for Sugar in the UK Tut p12 - 14 (you may ignore part c) 3. Section C HCI TA2 part e and f of Global Aircraft manufacturing Tut p11 and 14 Part 3b Monopolistic Competition and Oligopoly1. Section A: Bee Questions - pg. 23.3.20, 23.3.21, 23.3.23, 23.3.30 2. Section B: Essay Q3 or Q4 (can be replaced with market analysis) 3. Case Study 1 N2007 Q2 Supermarket development and competition (Group assignment, approach tutor for instructions) For additional practice: Case Study 2 Recent developments in Air Travel Part 4 Price Discrimination1. Section A: Bee Questions
2. Essay 8 (2013 RJC) & Essay 9b (N2009 ) - Detailed Plan 3. Case Study 3 (C2 H2 TA2 Intro the New Public Transportation Era) |
About UsMs Jenny Wang and Mr Gilbert Ng are the co-authors of this site. Archives
June 2016
Categories |