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These are two examples of the kind of topics we will be covering during the course of the year.

Subject orientation handout>Economics- What is it about?>

Mind Map branch: These are two examples of the kind of topics we will be covering during the course of the year. Economics-
What is it about? These are two examples of the kind of topics we will be covering during the course of the year. Two Financial Markets What are Factor Markets? Land Rent D of Land S of Land Capital D for equipment & machinery Funds for Loans Interest Labour Wage Rate S for Employees Labour D for Employers Labour What is Joint Supply? Rise in D for X - Rise in S of Y Supplied for more than one purpose What is Composite Demand? Rise in D for X - Fall in S of Y More than one use What is Consumer Surplus? Utility Price Value One The Government is going to introduce fines as a deterrent against polluting What happens if this puts some producers out of business? Where will the money come from to pay people to enforce this? What about pollution accidents? Who is going to enforce this? How much should you fine?

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