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BSc in International Politics and Government - curated by @michelangelo

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30325Introduction - Microeconomics is the study of how individuals and firms make decisions in a world of scarcity. Every agent has limited resources. Consumerseconomicsp. 1open
30325Supply and Demand - Adam Smith’s water–diamond paradox motivates the topic. Water is essential and free. Diamonds are frivolous and expensive. Prices cannot be economicsp. 2open
30325Elasticity - The slope of a curve shows how sensitive quantity is to price, but slope depends on units: kilos or tonnes, euros or cents. Elasticity is a economicsp. 4open
30325Preferences and Utility Functions - The demand curve comes from utility maximization, which has two components. Preferences describe what people want; prices and income do not economicsp. 6open
30325Constraints, Choices and Demand - This topic completes the consumer’s problem. It adds the budget constraint to preferences, finds the optimal choice, and derives the demand economicsp. 9open
30325Labour Supply - The supply of labour gives, for every wage, the number of hours a worker is willing to work. It uses the same consumer-choice model with neweconomicsp. 11open
30325Choices Involving Time - The syllabus calls this topic “Money Supply” (Bernheim and Whinston, sections 10.1–10.2). It uses the same consumer-choice model. The two goeconomicsp. 13open
30325Technology and Production - The second half of the constrained optimization story asks where the supply curve comes from. The firm does not maximise production. It maxieconomicsp. 15open
30325Costs - The goal is a cost function TC(Q) that shows how the cost of production varies with output. Labour costs w per unit, the wage. Capital costseconomicsp. 18open
30317Political Science - no reviewed notes yetpolitics & institutionsBocconisoon
30319Maths - no reviewed notes yetmathematicsBocconisoon
30322Law - no reviewed notes yetlawBocconisoon