ALL IN ONE NOTES

Introduction
Positive vs. normative statement
Scarcity
Opportunity cost 1
Opportunity cost 2
Opportunity cost 3
Opportunity cost 4
Opportunity cost 5
Opportunity cost 6
Free goods & economic goods
3 basic economic problems

Introduction
Consumer, Capital, Public, Private Goods
Types of production
Factors of production
Factors of production (return)
Labour payment system
Labour mobility
Division of Labour
Ownership
Public utilities
Legal entity
Comparison of private company
Types of stakeholders
Law of diminishing marginal return
Economies of scale
Optimum scale of production
Integration & expansion

Notes
Introduction
Demand 1
Supply & equilibrium
Change in Demand
Change in supply
Description
Demand & Supply change together 1
Demand & Supply change together 2
Excess Supply & Demand 1
Question type distribution 1
Demand 2
Demand & Supply change together 3
Excess Supply & Demand 2
Function of price
Elasticity of demand
Factors of elastic demand
Calculus x elasticity of demand
Elasticity of supply
Calculus x elasticity of supply
Question type distribution 2

Competition & Market structure intro

Game theory

Game Theory 1
Game Theory 2
Game Theory 3
Game Theory 4

Introduction
Price Ceiling, floor, quota
Price Ceiling, floor, quota (graph)
Per-unit tax, subsidy 1
Per-unit tax, subsidy 2
Social, Private & External
Equity
Gini coefficient

Introduction
GDP - 1
GDP - 2
GDP - 3
GNP
other format of G?P
value-added / output approach
Unemployment rate
Inflation, CPI, Deflator
out-syl : Income Approach

Introduction
AD, SRAS, LRAS
Inflationary, deflationary gap
SRAS

Introduction
Money
Bank
Banking Multiplier 1
Banking Multiplier 2
Money supply & demand, Monetary base

Introduction
Business cycle
Government revenue
Customs information
fiscal, monetary policy
QTM

Introduction
Absolute Advantage
Comparative Advantage 1
PPF, CPF
Comparative Advantage 2
Transportation cost
Balance of Payment
Exchange rate & HK linked exchange rate system

E1 : Monopoly Pricing, Anti-competitive Behaviors and Competition Policy

Elective I
Competition Commission

E2 : Extension of Trade Theory, Economic Growth and Development