Theme 1: Introduction to Markets

The following section will look at the principles of free markets

• 1.21 Demand

• 1.22 Supply

• 1.23 Market Equilibrium

• 1.24 Elasticities

• 1.25 Alternative Views to Consumer Behaviour

The following section will look at how governments can intervene to change free market outcomes.

• 1.31 Indirect Taxation

• 1.32 Subsidies

• 1.33 Price Controls