Unit 1 Microeconomics : Theory of the Firm Complete

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  • UniversityInternational Baccalaureate
  • AreaBusiness and commerce
  • CourseUnit 1 Microeconomics
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  • Authorliliya123
  • Created2017
  • Pages33
  • Approved15 September 2018

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About these notes

These are extremely comprehensive notes covering the Theory of the Firm, including Costs, Revenue, and Profits; the Objectives of the Firm, the Definition of Market Structure, Types of Barriers to Entry; Perfect Competition Model, Monopoly Model, Price Discrimination, Oligopoly (Kinked Demand Curve and Game Theory Models), Competition and Collusion in Oligopoly, Competition Policy in the UK and Europe. The notes also include an Example Essay on Monopoly and Efficiency and a Market Structures Revision Section at the end. These notes will particularly suit for A2 Micro-Economics modules in AQA/Edexcel, OCR Transport Economics, and IB Higher Level Economics. I am a tutor for IB and A-level Economics and I used these notes for my lessons.

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