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Foundation Economics

62 lessons across 15 topics

1. Topic 1(COLON) Foundations of Economics and the Economic Problem

1Lesson 1.1: Scarcity, Choice And Opportunity Cost2Lesson 1.2: Factors Of Production And Their Rewards3Lesson 1.3: The Production Possibility Frontier4Lesson 1.4: Economic Systems: Market, Planned And Mixed5Lesson 1.5: Economic Methodology: Positive And Normative

2. Topic 2(COLON) Demand, Supply and the Price Mechanism

6Lesson 2.1: Demand And The Demand Curve7Lesson 2.2: Supply And The Supply Curve8Lesson 2.3: Market Equilibrium And Disequilibrium9Lesson 2.4: The Functions Of The Price Mechanism10Lesson 2.5: Consumer And Producer Surplus

3. Topic 3(COLON) Elasticities and Their Applications

11Lesson 3.1: Price Elasticity Of Demand12Lesson 3.2: Ped, Total Revenue And Business Decisions13Lesson 3.4: Price Elasticity Of Supply14Lesson 3.5: Applying Elasticity To Taxes And Subsidies

4. Topic 4(COLON) Consumer Theory and Behaviour

15Lesson 4.1: Utility And The Law Of Diminishing Marginal Utility16Lesson 4.2: The Equi-marginal Principle And Consumer Equilibrium17Lesson 4.3: Indifference Curves And Budget Lines18Lesson 4.4: Behavioural Economics And The Limits Of Rationality

5. Topic 5(COLON) Theory of the Firm(COLON) Production, Costs and Revenue

19Lesson 5.1: Production, Productivity And The Short Run20Lesson 5.2: Costs Of Production In The Short Run21Lesson 5.3: Long-run Costs, Returns To Scale And Economies Of Scale22Lesson 5.4: Revenue And The Goals Of The Firm23Lesson 5.5: Profit Maximisation And The Short-run Shut-down Decision

6. Topic 6(COLON) Market Structures and Competition

24Lesson 6.1: Perfect Competition25Lesson 6.2: Monopoly And Monopoly Power26Lesson 6.3: Price Discrimination27Lesson 6.4: Monopolistic Competition And Oligopoly28Lesson 6.5: Game Theory And Strategic Behaviour29Lesson 6.6: Contestable Markets And Competition Policy

7. Topic 7(COLON) Market Failure and Government Intervention

30Lesson 7.1: Externalities: Negative And Positive31Lesson 7.2: Public Goods, Merit Goods And Information Failure32Lesson 7.3: Government Intervention In Markets33Lesson 7.4: Government Failure And Inequality

8. Topic 8(COLON) Measuring the Macroeconomy(COLON) National Income and the Circular Flow

34Lesson 8.1: The Circular Flow Of Income35Lesson 8.2: Gdp, Gni And Measuring National Income36Lesson 8.3: National Income, Living Standards And Well-being

9. Topic 9(COLON) Aggregate Demand, Aggregate Supply and Macroeconomic Equilibrium

37Lesson 9.1: Aggregate Demand And Its Components38Lesson 9.2: Aggregate Supply: Short Run And Long Run39Lesson 9.3: Macroeconomic Equilibrium40Lesson 9.4: The Multiplier And The Accelerator

10. Topic 10(COLON) Macroeconomic Objectives(COLON) Growth, Unemployment and Inflation

41Lesson 10.1: Economic Growth And The Business Cycle42Lesson 10.2: Unemployment43Lesson 10.3: Inflation, Deflation And Their Causes44Lesson 10.4: The Phillips Curve And Policy Trade-offs

11. Topic 11(COLON) Money, Banking and Monetary Policy

45Lesson 11.1: Money And The Financial System46Lesson 11.2: Banking And Credit Creation47Lesson 11.3: The Central Bank And Monetary Policy

12. Topic 12(COLON) Fiscal Policy and Government Finances

48Lesson 12.1: Government Spending And Taxation49Lesson 12.2: Fiscal Policy And Demand Management50Lesson 12.3: Government Debt And Supply-side Policy

13. Topic 13(COLON) International Trade, the Balance of Payments and Exchange Rates

51Lesson 13.1: International Trade And Comparative Advantage52Lesson 13.2: Protectionism And Trade Policy53Lesson 13.3: The Balance Of Payments54Lesson 13.4: Exchange Rates And Globalisation

14. Topic 14(COLON) Quantitative Methods for Economists

55Lesson 14.1: Handling And Presenting Economic Data56Lesson 14.2: Summary Statistics And Index Numbers57Lesson 14.3: Correlation, Regression And Using Spreadsheets

15. Topic 15(COLON) Academic English and Study Skills for University

58Lesson 15.1: Academic Writing: Structure And Style59Lesson 15.2: Critical Reading And Note-taking60Lesson 15.3: Referencing, Citation And Academic Integrity61Lesson 15.4: Seminar And Presentation Skills62Lesson 15.5: The Independent Research Project