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DEMAND SUPPLY CURVEMONEYGLOBESUPPLY SHIT
Taken From mitocw.udsm.ac.tz                                                                      Taken From crawfordsworld.com                                                                                     Taken From wikipedia.org
BASIC VOCABULARY: Key Terms

MAIN CONCEPTS NYU-ST:

SUPPLY AND DEMAND CURVES NYU-ST:
-Understand the definition and interpretation of Supply and Demand Curves.
-Know how to calculate and interpret the point where the Supply and Demand Curves intercept.
-Understand the factors that cause the demand and supply curves to shit.

Helpful Links:
Supply and Demand Curve Basics


PRODUCTION CURVES NYU-ST:
-Understand the Production Function: Inputs, Outputs, Costs.                                                       
-Know how to Calculate Average Product, Marginal Product.
-Law of Diminishing Marginal Returns

Helpful Links:
Production Function
Production Function Wikipedia
Law of Diminishing Marginal Returns

UTILITY CURVES NYU-ST:
-Understand Concept of Utility; Calculate Marginal Utility
-Budget Line Intersection with Utility Curve Analysis
-Consumer and Producer Surplus

Helpful Links:
Utility Overview
Consumer Surplus; Producer Surplus; Surplus Overview
Budget Line

ELASTICITY CURVES NYU-ST:
-Concept and Calculation of Price Elasticity of Demand.
-Concept and Calculation of Cross-Price Elasticities.

Helpful Links:
Price Elasticity Overview
Cross-Product and Income Elasticities Overview

PERFECT COMPETITION VS. MONOPOLISTIC COMPETITION NYU-ST:
-Understand the conditions necessary for both perfect competition and monopoly.
-Understand the Short-Run and Long-Run Supply and Demand Curves related to Perfect Competition.
-Understand the Short Run and Long-Run Curves related to Monopolistic Competiton.

Helpful Links:
Monopoly In-Depth
Perfect Competition CharacteristicsMonopoly Characteristics