Economics for beginners Course Micro Economics Macro Economics ALL LESSONS 1. The Definition of Economics What is economics? This article explains the definition of economics and the fundamental assumptions held in order to produce economic ...Read More 2. Production Possibility Frontiers (PPF). What are production possibility frontiers? This article explains what PPFs are and what causes movements along them and why they ...Read More 3. Division and Specialisation of Labour. Division and specialisation of labour. How does it affect the efficiency of production? This article will explain the advantages and ...Read More 4. Types of Economies Types of economies. How many different types of economies are the and how are resources allocated? This article will define ...Read More 5. Demand Theory Demand theory. This article explains what the demand theory is and will go on to expound upon the demand law ...Read More 6. SUPPLY THEORY Supply theory. This article will explain what the supply theory is and how the supply of a good is related ...Read More 7.1 PRICE ELASTICITY OF DEMAND (PED) Price elasticity of demand. This article will explain what PED is and will go through the different types of PED ...Read More 7.2 Total Revenue and Price Elasticity of Demand. Total revenue and price elasticity of demand. This article will explain what determines the price elasticity of demand. Furthermore, the ...Read More 8. Price Elasticity of Supply (PES) Price elasticity of supply. This article will explain what price elasticity of supply is and will explain the different types ...Read More 1 2 ›