MICROECONOMICS


LESSON 1


Supply and Demand


Topic 1: The Role of Prices: The Forces of Supply and Demand

Topic 2: Factors Affecting Individual and Market Demand

Topic 3: Costs, Competition and the Supply Curve

Topic 4: Applications of Supply and Demand

Topic 5: Shortages

Topic 6: Surpluses

Topic 7: Elasticity, Total Revenue and Marginal Revenue

General Readings

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PREPARED BY

John E. Floyd
Professor of Economics, University of Toronto
Toronto, Ontario, Canada

Copyright, John E. Floyd
j.floyd@utoronto.ca