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0. Basic Principles of Economics

1. Reading and Understanding Graphs

2. Introductory Economic Models

3. The Market Forces of Supply and Demand

4. Elasticity

5. Consumer and Producer Surplus; Price Ceilings and Floors

6. Introduction to Taxes and Subsidies

7. Externalities

8. The Types of Goods

9. International Trade

10. The Costs of Production

11. Perfect Competition

12. Monopoly

13. Monopolistic Competition

14. Oligopoly

15. Markets for the Factors of Production

16. Income Inequality and Poverty

17. Asymmetric Information, Voting, and Public Choice

18. Consumer Choice and Behavioral Economics

[BOOK MICROECON] Clutch

This microeconomics study guide covers positive vs normative statements, theory testing, economic data, index numbers, and graphing concepts for students.

Chapter 2: Economic Theories, Data, and Graphs – Study Notes

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Positive and Normative Analysis

Graphs of Two Variables

Relationships between Variables

Interpreting Graphs, Correlation, Causation, and Omitted Variables

Slope of Linear Graphs

Slope of a Curve at a Point

Finding the Maximum and Minimum Points on Graphs