Understanding Economics NCEA 3: Student Book Part A Revised: Resource allocation via the market system (Year 13 NCEA Level 3)

Author(s): Dan Rennie


Achievement Standard 3.1 Understand marginal analysis and the behaviour of firms: Demand Utility Supply The size of a firm's operation Types of market structures, price and non-price competition Revenue for perfect and imperfect competition Cost and cost curves Economic and accounting profit - marginal analysis Equilibrium for firms over time Achievement standard 3.2 Describe and illustrate the market and allocative efficiency: Price elasticity of demand, Ep Cross elasticity of demand, Ecross Income elasticity of demand, Ey Price elasticity of supply, Es The economic problem and production possibility curves Market equilibrium Consumer surplus, producer surplus Price controls and the market Sales tax and the market Subsidy and the market Trade and the market Wages and the labour market


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Product Information

General Fields

  • : 9780170131902
  • : cengage
  • : cengage
  • : November 2006
  • : books

Special Fields

  • : Dan Rennie
  • : Paperback