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Eco – understanding

An economics website which will aid your understanding of economics. The site explains a whole range of topics which include:

1) Microeconomics:

• Demand
  
  
• Supply

• Equilibrium

• Elasticity
  
  
• Economic surpluses
  
  
• Market failure 
  
  
• Market structure 
  
  
• Economies/diseconomies of scale
  

2) Macroeconomics:

• Unemployment

• Inflation

• Economic growth

• The multiplier

• The business cycle

• The balance of payments

• The exchange rate

• The J-curve

• Government policies

• The government budget

• Trade off’s