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Understanding Economics NCEA Level 3: Micro-Economic Concepts - Internal - 9780170241212

Understanding Economics NCEA Level 3: Micro-Economic Concepts - Internal

Dan Rennie

ISBN-13: 9780170241212
Published: 08/10/2012
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Overview

Understanding Economics NCEA Level 3: Micro-Economic Concepts - Internal is a self contained textbook/workbook designed to satisfy the requirements of the recent curriculum changes and allows students to develop the Key Competencies with a range of learning activities.

Concise notes and a comprehensive set of practice activities work to introduce and develop the Economic definitions, concepts and skills students require for the Internal Achievement Standard: Demonstrate understanding of micro-economic concepts. Review questions in each chapter allow students an opportunity to test their understanding and prepare for an internal standard.

Notes and activities in this book have been trialled with NCEA Level 3 classes in Economics over several years with excellent results

CONTENTS

1 Utility
2 The size of a firm’s operation
3 Break-even and shutdown
4 Price elasticity of demand, Ep
5 Cross elasticity of demand, Ecross hand income elasticity of demand, Ey
6 Price elasticity of supply, Es
7 Role of prices and profits

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