Micro-Economics

Demand & Supply Equilibrium

• Demand and Supply Equilibrium
• Simulteneous shift in Demand and Supply

Indifference Curve Approach to Consumer Equilibrium

• Key concepts and principles to understand how consumers make optimal choices.

Price Elasticity of Demand

A step by step guide on the three dynamic methods to calculate Price Elasticity of Demand using typical exam questions.

Imperfectly Competitive Market Structures

• Learn the key differences between imperfectly competitive market structures.
• Detailed explanations of Monopolies, Monopolistic competition and Oligopolies

Cross and Income Elasticity of Demand

• Detailed explanations of Cross and Income Elasticity of Demanad with typical exam scenarios.
• How cross elasticity measures the responsiveness of the demand for one good when the price of another related good changes 
• how the demand for goods varies with changes in consumer income and why this is crucial for understanding consumer behavior and market trends.

Demand & Supply Equilibrium; Consumer Surplus & Dead Weight Loss (Calculations)

• This session provides a practical exam guide on Demand & Supply Equilibrium, Consumer Surplus & Dead Weight Loss (Calculations).
• Worked Exam questions involving graphs and calculations

Theory of the Firm

• Exam focused illustrations of how firms strive to maximize profits by efficiently managing costs.
• A break down of complex concepts to easily understand how businesses classify their costs in the short run.

Consumer Equilibrium using the Utility Approach

• A comprehensive guide of the concept of consumer equilibrium, focusing on the Equi-Marginal Principle 
• Cardinal and Ordinal Utility
• Diminishing Marginal Utility

What is Economics | Factors of Production | Production Possibility

Detailed explanations of the following key aspects:

• What is Economics?
• Factors of Production
• Production Possibility Curve
• Opportunity Cost

Market Structure: Perfect Competition

• This session provides an exam focused guide to perfectly competitive markets,
• Exploring key differences between the short and long run.
• From defining market structures to pinpointing profit maximization and shutdown points.

Imperfect Competition Practice Questions

• Worked and explained typical exam questions covering Imperfect Competition.
• Calculating monopoly profits given a monopoly graph
• Explaining the differences between perfect competition and monopolistic competition using graphs, in the long run.

Perfect Competition Practice Questions

• Worked and explained typical exam questions covering Perfect Competition.
• Practice drawing and explaining diagrams for firms in perfectly competitive markets.