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Understanding Microeconomics NCEA L3 Workbook - 9780170438117
232 Pages
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Understanding Microeconomics NCEA L3 Workbook

By | Copyright Year:2019 | ISBN-13: 9780170438117

Published:01/11/2018
This full colour edition has been updated with new content and activities to assist students with developing the knowledge and skills they need for assessments (external and internal). Students will build up their confidence by completing the range of additional review (examination) questions contained in this latest version.

A Teacher Resource book is also available for separate purchase which contains full answers to this workbook. A digital version of the Teacher Resource is also available via Vital Source. Contact nz.sales@cengage.com for more information.

CONTENTS

AS 91401: Demonstrate understanding of micro-economic concepts (internal 3.3)
1. Marginal utility and demand
2. Elasticity of demand (also part of 3.1)
3. Elasticity of supply (also part of 3.1)
4. Diminishing returns and supply (also part of 3.2)
5. Role of prices (i) market equilibrium (also part of 3.1)
6. Role of prices (ii) and profits (also part of 3.1)
AS 91399: Demonstrate understanding of efficiency of market equilibrium (external 3.1)
7. Consumer surplus/producer surplus
8. Allocative efficiency
9. Sales tax and AE
10. Subsidy and AE
11. Maximum price and AE
12. Minimum price and AE
13. Free trade and AE
14. Protectionism and AE
15. Revision/study tasks and activities
AS 91400: Demonstrate understanding of efficiency of different market structures using marginal analysis (external 3.2)
16. Costs – basic concepts
17. Costs – shape of the curves
18. Revenue curves – perfect competition
19. Profit
20. Marginal analysis – perfect competition
21. Revenue curves – monopoly
22. Marginal analysis – monopoly
23. Firms and price
24. Natural monopoly
25. The long run position
26. Revision/study tasks and activities

$29.95

ALSO AVAILABLE / RELATED PRODUCTS
By | ISBN-13: 9780170438100
This full colour edition Teacher Resource Book has been updated to accompany the new Workbook. A digital version of the Teacher Resource is also available via Vital Source. Contact nz.sales@cengage.com for more information.
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