Economics of the Market, Income & Employment

The subject of Economics of the Market, Income & Employment includes the following topics:

1. Production possibility frontiers
2. Opportunity cost
3. Market mechanism: supply & demand functions, role of prices, elasticity of demand and supply
4. Production influences: product curves and efficiency; long and short run cost influences; growth of organizations
5. Theory of the firm: perfect competition, monopolistic competition, monopoly
6.Aggregate demand, aggregate supply, national income
7. Inflation
8. Policy debates: Keynes vs monetarists

References
Mankiw, N, G (2012) Principles of Economics, 6th Edition, Cengage Learning
Griffiths A & Wall S (2007) Applied Economics, 11thedition, Financial Times/ Prentice Hall
Sloman, J. Hinde, K. (2006) Economics for Business (Paperback), Financial Times/Prentice Hall



Internet resources:
* Microeconomics
* Macroeconomics
* Facebook folder (with exercises)