Albany Senior High School/economics/level3

This is the homepage for Level 3 Economics.

This course is a combination of micro and macro economics.

Achievement Standard 3.1
Topics include


 * Topic 1 - Market types o Market structures o Non price marketing strategies o  Alternative Strategies * Topic 2 - Deriving the demand and supply curves o  Deriving the Demand Curve + The law of diminishing marginal utility + Optimal Purchase Rule + Consumer Equilibrium +  Derivation of the individual demand curve using marginal utility o Deriving the Supply Curve + Accounting and Economic costs + The law of diminishing returns + The shape of the marginal cost curve + Supply curve for the perfect competitor *  Topic 3 - Marginal Analysis

Achievement Standard 3.2
Topics include

Production Possibility Frontiers or Curves Consumer and Producer Surplus Shifting the supply and demand curves Elasticity Factor and commodity markets

Achievement Standard 3.3
Topics include

Externalities Merit/demerit goods Public goods Natural monopolies Income distribution

Achievement Standard 3.4
Topics include

Achievement Standard 3.5
Topics include