Supply, demand & elasticity
Equilibrium, shifts, elasticity and surplus.
Notes on every topic, practice that makes you draw and shift the graphs, and calculation questions worked step by step for your midterm or final.
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Equilibrium, shifts, elasticity and surplus.
Utility, costs, production and profit maximisation.
Perfect competition, monopoly, oligopoly and game theory.
Externalities, public goods and government intervention.
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Concepts and quick calculations.
Drawing and shifting curves.
Calculations and explanations.
For a free full textbook to go with your notes, see OpenStax Principles of Microeconomics.
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The mistakes that are specific to this exam, not generic study advice.
Confusing a shift of a curve with a movement along it.
Drawing graphs without labels.
Memorising definitions without applying them.
Skipping calculation practice.
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Draw from memory and explain the shift.
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