1.1 Scarcity, Choice and Opportunity Cost 1.2 Economic Methodology 1.3 Factors of Production 1.4 Resource Allocation in Different Economic Systems 1.5 Production Possibility Curves 1.6 Classification of Goods and Services 2.1 Demand and Supply Curves 2.2 Elasticity of Demand 2.3 Price Elasticity of Supply 2.4 Interaction of Demand and Supply 2.5 Consumer and Producer Surplus 3.1 Government Intervention in Markets 3.2 Effects of Government Intervention 3.3 Income and Wealth Inequality 4.1 National Income Statistics 4.2 Circular Flow of Income 4.3 Aggregate Demand and Aggregate Supply 4.4 Economic Growth 4.5 Unemployment 4.6 Price Stability 5.1 Government Macroeconomic Policy Objectives 5.2 Fiscal Policy 5.3 Monetary Policy 5.4 Supply-Side Policy 6.1 International Trade 6.2 Protectionism 6.3 Balance of Payments 6.4 Exchange Rates 6.5 Policies to Correct Imbalances - Abeel Eschool O/A LevelSkip to content