| Course | |||||
|---|---|---|---|---|---|
 | S$100.00 JC1 Courses / (A) Introduction to Microeconomics Scarcity Opportunity Costs Positive & Normative Economics | ||||
 | S$100.00 JC1 Courses / (B) Demand & Supply Price Mechanism
Consumer sovereignty
Ceteris Paribus
Demand
Law of diminishing utility
Demand vs qty demanded
Non-price factors of demand
Supply
Demand vs qty supplied
Non price-factors of supply | ||||
 | S$100.00 JC1 Courses / (B) Demand & Supply Equilibrium price and equilibrium quantity
Changes in demand and supply leading to changes in market equilibrium
Consumer & producer surplus
Consumer expenditure & producer revenue
Simultaneous shifts | ||||
 | S$100.00 JC1 Courses / (B) Demand & Supply Taxes & subsidies Price controls – Maximum & minimum prices Quantity controls - Quotas | ||||
 | S$100.00 JC1 Courses / (C) Elasticities of Demand & Supply Definition
Formula
Sign
Magnitude
Determinants | ||||
 | S$100.00 JC1 Courses / (C) Elasticities of Demand & Supply Applications of Elasticities concepts in real-world | ||||
 | S$100.00 JC1 Courses / (D) Production & Cost Objectives of firms Profit Maximisation Alternative Objectives Cost & Revenue SR vs LR AC, MC, AR, MR EOS & dEOS | ||||
 | S$100.00 JC1 Courses / (F) Market Failure Public Goods Externalities Merit & Demerit Goods | ||||
 | S$100.00 JC1 Courses / (F) Market Failure Information failure Imperfect info Asymmetric info Market Dominance Factor immobility | ||||
 | S$100.00 JC1 Courses / (G) Government Intervention Government Intervention Taxes & subsidies Tradable permits Joint vs direct provision Rules & regulation Public Education Government failure |
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