Microeconomics Crashcourse (5 June)

Microeconomics Crashcourse (5 June)

400.00 440.00

Mr Toh will be covering all 4 Microeconomics topics on 5 June in EIGHT hours.

There will be a 30 minutes break after every 2 hour lesson.

Each lesson costs $110 on its own to attend, register for all 4 lessons for $400 ($40 discount)

Demand, Supply, Price Controls, Deadweight Loss & Elasticities

  • How to deal with simultaneous events covered in essay questions & do weightage / synthesis

  • Using non price factors of demand & supply

  • Price floor & price ceiling

  • Understanding how to spot ‘deadweight loss’

  • The basics of elasticities 

o  Definition

o  Formula

o  Magnitude

o  Sign

o  Determinants

  • Application of elasticities concepts for firms

Production & Cost + Market Structure

  • Shut-down condition for various market structure

  • Economies of scales + Minimum efficient scale

  • Comparison between Market Structure

  • PC vs Monopoly

  • MC vs Oligopoly

  • Price Discrimination

Market Failure

  • Public Goods

  • Income Inequity

  • Imperfect Information

  • Externalities

  • Merit Goods & Demerit Goods

  • Market Dominance

Government Policies & Government Failure

  • Taxes & Subsidies

  • Quotas & Tradeable Permits

  • Joint & Direct Provision

  • Rules & Regulation

  • Public Education

  • Effectiveness of Policy Measures + Government Failure

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