Marginal Utility, Consumer Choice
revealed preference - finding preferences based on choices
Economics
Forum reference:
Book page:
http://course-notes.org/Economics
Budget Constraints
>
budget line - indicates all combinations where total spent is equal to income
Consumer Behavior, Market Baskets
market baskets (bundles) - group of goods
Short-run vs Long-run, Price Controls
short-run versus long-run
- long run lets consumers/producers fully adjust to price change
- demand - more price elastic in
Elasticity
elasticity - measures how much curves change w/ respect to other curve
Market Equilibrium, Shifts
equilibrium (market-clearing price/quantity) - no shortage/excess demand/supply
Supply and Demand
supply curve - relationship between how much producers willing to sell and price
Types of Markets
market - exchange center, central economic unit
Macro Economics
Here you find AP Economics notes for Macroeconomics, 15th Edition textbook by McConnell and Brue.
Micro Economics
The purpose of an AP course in Microeconomics is to provide a complete understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and pr
Pages
Need Help?
We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.
For general help, questions, and suggestions, try our dedicated support forums.
If you need to contact the Course-Notes.Org web experience team, please use our contact form.
Need Notes?
While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!
