Economics This subject tutorial provides lesson tutorials across several Economics topics and is designed to help you gain a wider understanding of Economics as a subject. Lessons What is Economics? What is Microeconomics? The importance of consumer choice in Economics Purpose of Economics Using Utility in Business Decision Making Who is the Economic man? Common Logic Pitfalls in Economics Microeconomics Vs. Macroeconomics Comparing Normative and Positive Economics Comparative Vs. Absolute Advantage in Economics Overview of Economic Models Understanding the Demand Curve The Supply Curve Causes of Supply and Demand Changes Market Equilibrium Shortages and Surpluses Shifts in supply and demand curve Using market forces to manipulate supply and demand Derived Vs. Inelastic Demand Price Elasticity of Demand Cross Price Elasticity of Demand Income Elasticity of Demand Price Elasticity of Supply Entrepreneurship and the Economy The seven steps of decision making What is a Business Organization? Economic scarcity and function of choice What is opportunity cost? Who is a consumer? Using the Demand Curve Using the market Demand Curve Consumer Preference and Choice Definition of Unit Cost Definition of Process costing What are Economic Resources? What is a Resource Market? Definition of G.D.P - Gross Domestic Product Types of Unemployment The Four Basic Functions of Money What is Money?